What Type of Money Does England Use?

In England you will find the British use a currency system called the Sterling Pound. British currency is incredibly similar to American money, even if it does not convert exactly from dollar to pound. Over the years with the current economic turmoil, the American dollar is worth about half as much as the Sterling Pound. Here are some facts to help you gain a better understanding of the Sterling Pound.

Sterling Pound

The Sterling Pound comes in both coin and paper. One pound can be divided into 100 pence, just like the American dollar can be divided into 100 pennies.

Slang

The common name for the Sterling Pound is the pound. Some people will also call a pound a "quid."

Pence

Pences come in the form of coins that are abbreviated as "p." You will find that denominations are 1p, 2p, 5p, 10p, 20p and 50p.

Pound Coins

Most pounds come in the form of paper money, but one pound and two pounds also come in coin form. This is confusing for travelers because it looks much like an American quarter.

Paper Money

The 5, 10, 20, 50 and 100 pounds come in the form of paper bills. Each bill has the queen on it.

References

• British Currency
• British Money