Introduction:
The British pound is the official currency of the United Kingdom. It is often referred to as the pound sterling to distinguish it from other currencies with the same name. The pound is divided into smaller units called pence.
I. Denominations of British Pound
A. Coins
1. 1 penny
2. 2 pence
3. 5 pence
4. 10 pence
5. 20 pence
6. 50 pence
7. 1 pound
8. 2 pounds
B. Banknotes
1. 5 pounds
2. 10 pounds
3. 20 pounds
4. 50 pounds
II. Features of Each Denomination
A. Coins
1. The 1 penny coin is made of copper-plated steel and features a portrait of Queen Elizabeth II on the obverse.
2. The 2 pence coin is also made of copper-plated steel and has a similar design to the 1 penny coin.
3. The 5 pence, 10 pence, 20 pence, and 50 pence coins feature different designs and are made of various metals.
4. The 1 pound coin is bimetallic and has a depiction of Queen Elizabeth II on the obverse.
5. The 2 pound coin is also bimetallic and features a design that changes yearly.
B. Banknotes
1. Banknotes in the United Kingdom feature prominent historical figures and landmarks.
2. Each denomination of banknote has a unique color and design to distinguish it from others.
3. Banknotes are made of polymer to increase durability and longevity.
Conclusion:
The British pound has a range of denominations, including coins and banknotes, with each featuring distinct designs and security features. Understanding the different denominations of the pound is essential for everyday transactions and financial management.