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Originally, way back around the late 8th century AD, the "Pound" was an accounting term rather than a monetary value. It referred to the weight of 240 silver Pennies.
The name "Sterling" was applied to the currency around 928 AD. The name was possibly derived from a number of different similar sounding European words.
Pennies were also known as "Sterlings" at this time, and 240 Pennies was known as "a Pound of a Sterlings".
Because Pennies were made from a high quality silver and were quite durable, the terms "Pound" and "Sterling" were combined, and by the time of Henry II in the mid to late 12th century AD, the term "Pound Sterling" had come to be generally used to refer to the currency.
The "Pound Sterling" is the oldest currency still in use today.
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What Year was decimal currency introduced into Australia What was the currency in use before this?
Decimal currency was first introduced in Australia on 14 February 1966. The new Australian dollar replaced the Australian pound, which was different to the Pound Sterling.
Currency unit in England?
The currency unit in England is the Pound Sterling The currency unit in England is the Pound Sterling
Comparison of pound sterling of 1900 compared to 2009?
about 65 times -check hansard.millbanksystems.com/written.../pound-sterling-value
What was the currency of Ireland in 1913?
Ireland at this point was still British, so the currency was the Pound Sterling.
What are pounds sterling?
UK Currency is the £. The Pound.
What is pound sterling?
Pound Sterling is the currency of the UK.
Is Belfast euros or pound sterling?
It uses the Pound Sterling.
Is the Gibraltar pound in sterling?
Yes, it is allied to the Pound Sterling.
What Year was decimal currency introduced into Australia What was the currency in use before this?
Decimal currency was first introduced in Australia on 14 February 1966. The new Australian dollar replaced the Australian pound, which was different to the Pound Sterling.
Worth the Royal Bank of Scotland plc one pound sterling?
One pound sterling is worth one pound sterling, surprisingly enough.
Convert lakh into pound sterling?
990.2 Pound Sterling.
How much is 399.99 US dollars in pound Sterling?
261.67 British Pound Sterling
What is the name of the currency of the UK?
The pound sterling, or in financial markets it's known as GBP which is the abbreviation of Great British Pound.
What is the difference between pounds and pound sterling?
No difference, they are both the same. A pound is just a shortened version of pound sterling.
How much is 2.25lakhs indian rupees in pound sterling?
Rs 2.25 lakh is what in pound sterling
What currency is used in Derry Ireland?
Derry is in Northern Ireland where the pound sterling is the currency.
What is the currency of the UK?
The Pound (£) Sterling. The pound is the basic unit of money in Great Britain and Northern Ireland; equal to 100 pence (p). The Royal Mint produce the coins 1p, 2p, 5p, 10p, 20p, 50p, £1, £2. The Bank of England produce the banknotes £5, £10, £20, £50.
