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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]
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by a monetary authority, such as the national central bank for the currency concerned. A symbol may be positioned in various ways, according to national convention: before, between or after the numeric amounts: €2.50, 2,50€ and 2 50.
The pound sign (£) is the symbol for the pound unit of sterling – the currency of the United Kingdom and its associated Crown Dependencies and British Overseas Territories and previously of Great Britain and of the Kingdom of England. The same symbol is used for other currencies called pound, such as the Egyptian and Syrian pounds.
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' (from libra), crossed to indicate abbreviation. [3]
Syrian pound also abbreviated £S, £Syr and SP in Latin script. £ pound Pound sterling: May be displayed with one or two bars, depending on typeface. U+00A3 £ POUND SIGN: SSP: pound South Sudanese pound: Also represented by £ [12] P: pula Botswana pula: Q: quetzal Guatemalan quetzal: q: qintar Albanian qintar: Fraction A centesimal ...
At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.
Sterling-denominated treasury notes continued to circulate after 1836, along with the rupee. The legal currency remained British silver and accounts were kept in pounds, shillings and pence. However, payments were made in rupees and annas at the "fictitious par" (fixed accounting rate) of two shillings per rupee (i.e. £1 = Rs. 10/-).
The symbol ₹ is the Indian rupee sign. The precomposed character ₨ is a currency sign used to represent the monetary unit of account in Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, and formerly in India. It resembles, and is often written as, the Latin character sequence "Rs" or "Rs.". The symbol रू represents the Nepalese rupee.