British Pound

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Related to British Pounds Sterling: GBP

British Pound

The currency of the United Kingdom. It is the third largest reserve currency in the world. It traces its origins to Anglo-Saxon times and is the oldest currency still in use. It is issued by the Bank of England and the Bank of Scotland. Like most currencies, it was pegged to the U.S. dollar under the Bretton Woods System, but is now a floating currency. The pound did not use a decimal system for its subdivisions until 1971. See also: Decimalisation, Quid.
References in periodicals archive ?
In the UK the price is 495 British pounds sterling for processing and storage with annual storage of 75 pounds British pounds sterling.
By contrast, a Dutch QBU with receivables denominated in British pounds sterling would not be required to recognize its exchange gain or loss on the receivable, because the British currency will not be replaced by the euro.
Additionally, the holders of common shares on the New York Stock Exchange will be paid in US dollars, and holders of common shares through depositary interests on the London Stock Exchange will be paid in British pounds sterling at the exchange rate quoted by Bloomberg (BFIX) at 17:00 New York time on 14 March 2019.
15 February 2013 -- US financial services firm Citigroup Inc (NYSE: C) said that it is inviting eligible holders of its notes denominated in British pounds sterling and its notes denominated in Euros to tender their notes for purchase by the company for cash.
He said the funds were earlier received in cash and in US dollars, but later in British pounds sterling. Altaf Hussain had been badmouthing military and other institutions and always got away with it.

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