What are the different notes and coins of the English currency?
Table of Content
The pound sterling - often abbreviated pound - is the official monetary unit of the United Kingdom, British Crown Dependencies and British Overseas Territories.
There are 4 banknotes and 8 coins in the English currency:
- Banknotes: £5, £10, £20 and £50 - "£" is the symbol for the pound sterling.
- Coins: £1, £2, 50p, 20p, 10p, 5p and 1p - "p" is the symbol for penny (or pence in the plural).
The term "pound sterling" is often abbreviated as "pound".
Unlike the "€" symbol for the euro, the "£" symbol is placed before the amount.
Created over 12 centuries ago, the pound sterling is one of the oldest currencies in the world still in circulation.
In 2016, in order to fight against fraud and counterfeiting, the Bank of England announced the arrival of new notes of £5, £10 and £20 in polymer : a plastic that is more difficult to counterfeit than paper.
The old £5 and £10 banknotes have been permanently withdrawn from circulation and are therefore no longer accepted - however you can still exchange them at the Bank of England (Bank of England).
The fronts of the banknotes all show the portrait of the Queen Elizabeth II - only the backs are specific to each ticket .
The 5 pounds (5 pounds) bill
The new £5 banknote (“New Fiver”) entered circulation on September 13, 2016 - the first in the new series of banknotes in polymer to have been unveiled.
The old £5 note - in paper - was permanently withdrawn from circulation on May 5, 2017.
The 10 pounds bill
The new £10 banknote ("New Ten Pounds Note") entered circulation on September 14, 2017 - it is the second banknote in the new series in polymer to have been unveiled.
The old £10 note - in paper - was permanently withdrawn from circulation on March 1, 2018.
The 20 pounds bill
The new £20 banknote will go into circulation on February 20, 2020 . The £ 20 paper note will be usable until it is permanently withdrawn from circulation (approximately 6 months after the new note goes into circulation).
The 50 pounds bill
The replacement of the £ 50 paper note with a new polymer note is scheduled for the end of 2021.
In 2015, still in the interests of combating fraud and counterfeiting, The Royal Mint announced the entry into circulation of a new coin of £1: bimetallic with 12 edges, it represents the English rose, the Welsh leek, the Scottish thistle and the Northern Irish clover, all surrounded by the royal crown.
The old £1 coins were permanently withdrawn from circulation on 15 October 2017 and are therefore no longer accepted - however you can still exchange them at The Royal Mint .
The new £1 coin (“New One Pound Coin”) entered into circulation on March 28, 2017.
The old £1 coin was permanently withdrawn from circulation on October 15, 2017.
There are parts from:
- 1 pound (£ 1)
- 2 pounds (£ 2)
Photo credit: Leftover Currency
The penny and the pence
In the English currency unit, pence is simply the plural of the word penny.
We use the word pennies when talking about several coins.
There are parts from:
- 1 penny (1p)
- 2 pence (2p)
- 5 pence (5p)
- 10 pence (10p)
- 20 pence (20p)
- 50 pence (50p)
They are the equivalent of euro cent coins (€).
It takes 100 pence to make 1 pound.