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The Bank of England first issued paper money in 1694, but these were for irregular, and usually large amounts.

The first ever British Pound notes were issued in 1797, but this was not on a permanent basis.

The regular issue of the British Pound and Ten Shilling note began in 1915 when they replaced the gold Sovereign and half-Sovereign, due to financial pressures brought about by WW1.

The One Pound note was last issued in December, 1984, and demonetised and withdrawn in 1988 after being replaced by a nickel/brass coin in 1983.

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Shayne Stokes

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2y ago

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