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The Polish złoty (alternative spelling: zloty; [1] Polish: polski złoty, Polish: ⓘ; [a] abbreviation: zł; code: PLN) [b] is the official currency and legal tender of Poland. It is subdivided into 100 grosz (gr). [c] It is the most-traded currency in Central and Eastern Europe and ranks 21st most-traded in the foreign exchange market. [2] [3]
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
Gibraltar pound £ GIP Penny: 100 Sterling £ GBP Penny: 100 Greece: Euro € EUR Cent: 100 Greenland: Danish krone: kr DKK Øre: 100 Grenada: Eastern Caribbean dollar: EC$ XCD Cent: 100 Guatemala: Guatemalan quetzal: Q GTQ Centavo: 100 Bailiwick of Guernsey: Guernsey pound £ (none) Penny: 100 Sterling £ GBP Penny: 100 Guinea: Guinean franc ...
Sterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. [3] 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]
The English word "pound" derives from the Latin expression lībra pondō, in which lībra is a noun meaning 'pound' and pondō is an adverb meaning 'by weight'. [ 1 ] [ 2 ] The currency's symbol is ' £ ' , a stylised form of the blackletter 'L' ( L {\displaystyle {\mathfrak {L}}} ) (from libra ), crossed to indicate abbreviation.
The British pound sterling, in particular, was poised to dislodge the Spanish dollar's hegemony as the rest of the world transitioned to the gold standard in the last quarter of the 19th century. At that point, the UK was the primary exporter of manufactured goods and services, and over 60% of world trade was invoiced in pounds sterling.
The pound sterling banknotes in current circulation consist of Series G Bank of England notes in denominations of £5, £10, £20 and £50. The obverse of these banknotes issued through 4 June 2024 feature the portrait of Elizabeth II originally introduced in 1990.