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ENGLAND



CURRENCY:
The English currency is called Pounds Sterling. Sterling banknotes are issued in the following denominations: 5, 10, 20, and 50 Pounds.

English 20 Pound note English 20 Pound note reverse view
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.

old English 20 Pound note old English 20 Pound note reverse view
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.

Scottish 1 Pound note Scottish 1 Pound note reverse view
Northern Ireland 5 Pound note Northern Ireland 5 Pound note reverse view
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


Bank of England


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