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1. One unit of the UK pound sterling. | 1. | ||
One unit of the UK pound sterling (GBP). | |||
For most of the historical period up the early 19th century, it could - in theory - be exchanged for one pound (weight) of silver. | |||
Thereafter the pound was generally backed by gold (the 'gold standard'). | |||
Since 1931, the pound sterling has been a fiat currency. | |||
2. | |||
A pound is also one unit of a number of other currencies including those of Egypt (EGP), Lebanon (LBP), South Sudan (SSP), Sudan (SDG) and Syria (SYP). | |||
== See also == | == See also == | ||
* [[Dollar]] | |||
* [[Egypt]] | |||
* [[Fiat currency]] | |||
* [[FKP]] | |||
* [[GBP]] | * [[GBP]] | ||
* [[GGP]] | |||
* [[GIP]] | |||
* [[Gold standard]] | |||
* [[IMP]] | |||
* [[JEP]] | |||
* [[Libra]] | |||
* [[Lira]] | |||
* [[SHP]] | |||
* [[Sterling]] | |||
* [[United Kingdom]] | |||
[[Category:The_business_context]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 19:17, 20 September 2022
1.
One unit of the UK pound sterling (GBP).
For most of the historical period up the early 19th century, it could - in theory - be exchanged for one pound (weight) of silver.
Thereafter the pound was generally backed by gold (the 'gold standard').
Since 1931, the pound sterling has been a fiat currency.
2.
A pound is also one unit of a number of other currencies including those of Egypt (EGP), Lebanon (LBP), South Sudan (SSP), Sudan (SDG) and Syria (SYP).
