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All frequently used coins except the £2 coin (coins shown are those after the extensive 2008 redesign)
All frequently used coins except the £2 coin (coins shown are those after the extensive 2008 redesign)
ISO 4217 code GBP
Central bank Bank of England
Website www.bankofengland.co.uk
Official user(s)  United Kingdom
Unofficial user(s)  Zimbabwe[1]
Inflation 3.0% (UK CPI March 2010)
3.7% (UK RPI March 2009)
−1.2% (Guernsey RPI September 2009)
−0.6% (Jersey RPI September 2009)
3.3% (Isle of Man CPI December 2009)
Source National Statistics, States of Guernsey, States of Jersey and Isle of Man Government'
ERM
Since 8 October 1990
Withdrawn 16 September 1992 (Black Wednesday)
Pegged by Falkland Islands pound (at par)
Gibraltar pound (at par)
Saint Helena pound (at par)
Jersey pound (local issue)
Guernsey pound (local issue)
Manx pound (local issue)
Scotland notes (local issue)
Northern Ireland notes (local issue)
Subunit
1/100 penny
Symbol £
penny p
Nickname quid, knicker, spud, Squid
Plural  
penny pence
Coins
Freq. used 1p, 2p, 5p, 10p, 20p, 50p, £1, £2
Rarely used 25p, £5
Banknotes
Freq. used £5, £10, £20, £50
Rarely used £1 (Scot. only), £100 (Scot. & N. Ireland only)
Printer
Website
Mint Royal Mint
Website www.royalmint.com


  1. Alongside Zimbabwean dollar (suspended indefinitely from 12 April 2009), Euro, US dollar, South African rand and Botswana pula. The US Dollar has been adopted as the official currency for all government transactions.