What the currency of London

London is the capital of the United Kingdom (UK), also located in London, the British south. B12,600,00 an estimated population of people in the year 2005. London is one of the most important political and economic cities and it stems from the importance of Britain as a world, whether in ancient times or modern times.

The foundations of the Roman port on the River Thames when their armies attacked Britain, and named it (to Ndinyum) and then set up a wall around London used to protect the city for a long period of time. Of the most important City of London landmarks Big Ben and St. Paul's Cathedral and the Palace of Westminster, which is the British Parliament building, the municipal building and the field of Piccadilly and London Bridge Tower and the Wax Museum and the Victoria and Albert Museum and the British Museum and the Museum of Science and History Museum and royal palaces. Of the leading universities of London and the University of London University Imperial College and Queen Mary University and many other universities important at the global level and educational institutions.

Since London is the capital of Britain, London If His work is the same as the British currency, called the pound sterling or the English pound, the pound is divided into a hundred pence.

The pound is sometimes called sterling within the financial markets, and the label came from Anglo-Saxon times time where money was then called as the Astrlin, and the money phrase Mskokat silver, after the founding of the Bank of England in 1694 was the first coin version, except that the first cash printed issued in the year 1745 where it was written before it manually.

However, the official printing of the British pound sterling currency began in 1855, where it was printed papers of categories 5 pounds and 10 pounds and 20 pounds and 100 pounds and 200 pounds and 300 pounds and 500 pounds and 1000 pounds.

The paper currency was issued in the early twentieth century to take the place of gold coins, which have continued to develop over the past century. Besides Banknotes have found coins, which appeared for the first time in 1968 and was one of the two categories of 5 and 10 pence, then 50 pence coin appeared then half a penny and penny Valashran Abannsin penny Valjnah Valjnahan.

Sterling is estimated at US $ 1.623, sterling is the fourth most traded currency in the forex market also has the third largest reserves of gold after the US dollar and the euro. Sterling hit a financial crisis in 1976 resulted from significant economic problems faced British economy.