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The 1914 notes were issued in denominations of 2/-, 10/-, £1, £5 and £50. The 2/- and £50 notes were not continued when a new series of notes was introduced in 1927. The 10/- note was replaced by the 50p coin during the process of decimalization. In 1975, £10 and £20 notes were introduced, followed by £50 in 1986.
In Gibraltar, banknotes are issued by the Government of Gibraltar. The pound was made sole legal tender in 1898 and Gibraltar has issued its own banknotes since 1934. [140] The notes bear an image of the British monarch on the obverse and the wording "pounds sterling", meaning that more retailers in the UK will accept them.
The British Overseas Territories of Gibraltar, the Falkland Islands and St. Helena continue to operate currency boards, backing their locally printed currency notes with sterling reserves. [ 5 ] A gold standard is a special case of a currency board where the value of the national currency is linked to the value of gold instead of a foreign ...
Manx pound (local, government-issued sterling banknotes and coins) Issued by license of the Bank of England to the Isle of Man Treasury Falkland Islands; Falkland Islands pound (parity with pound sterling) Government of the Falkland Islands Gibraltar; Gibraltar pound (parity with pound sterling) Euro accepted unofficially in most establishments
The pound is the main unit of sterling, [4] [c] and the word pound is also used to refer to the British currency generally, [7] often qualified in international contexts as the British pound or the pound sterling. [4] Sterling is the world's oldest currency in continuous use since its inception. [8]
The Ulster Bank £10 note is a banknote issued by Ulster Bank. It is valued at ten pounds sterling . In February 2018 Ulster Bank confirmed that their banknotes would be printed in polymer and be the first United Kingdom banknotes to be printed with vertical designs rather than the usual horizontal designs.
A new design for one pound notes was introduced in 1960, with the old notes ceasing to be legal tender in 1962. These new series C notes were slightly narrower, and were the first one-pound notes to feature a portrait of Queen Elizabeth II on the front. The reverse design incorporated the logo of the Bank of England.
50 pound note featuring a commemorative medal (first introduced in 1994) 100 pound note featuring the Spanish Armada; A £5 note featuring Dunluce Castle on the obverse and a £1 note also featuring the Girona were issued by the Provincial Bank of Ireland and by AIB, but have not been issued by First Trust Bank. The reverse featured a young ...