ENGLAND
CURRENCY:
The English currency is called Pounds Sterling.
Sterling banknotes are issued in the following
denominations: 5, 10, 20, and 50 Pounds.
Smaller values are issued as coins, with
1 Pound = 100 Pence.
ISSUING AUTHORITY:
Bank of England
ISO Code: GBP
CURRENCY IMPORT/EXPORT RESTRICTIONS:
The import and export of all currencies is free.
Amounts of GBP 10,000 or its equivalent may be questioned by Customs.
CIRCULATION:
All notes issued since 1964 by the Bank of England are
redeemable.
The Bank of England removed 20 Pound notes, featuring Michael Faraday, from circulation
on February 28, 2001.
Guardian International Currency Corp. will buy the most
recently discontinued series at a reasonable discount.
ALTERNATIVE CURRENCIES:
All major currencies are accepted.
Scottish Pounds and Northern Irish Pounds are accepted
in major cities.
Guardian International Currency Corp. buys Scottish and Northern Irish
Pounds at a slightly discounted rate due to
repatriation costs.
IN THE FUTURE:
Although not currently a participant
in the new European Union currency, the EURO,
it is expected that England will join in the future.
NOTE:The average life of a British banknote depends on its
denomination. A five pound note usually lasts a year,
while a 50 Pound note generally lasts 3 to 4 years.
(source: Bank of England)
Recent Pound Exchange History
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