Pound: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add links.) |
imported>Doug Williamson (Add link.) |
||
| Line 18: | Line 18: | ||
== See also == | == See also == | ||
* [[Dollar]] | |||
* [[Egypt]] | * [[Egypt]] | ||
* [[Fiat currency]] | * [[Fiat currency]] | ||
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).
