Banknotes of the pound sterling
The pound sterling (symbol: £; ISO 4217 currency code: GBP) is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, British Antarctic Territory, South Georgia and the South Sandwich Islands, and Tristan da Cunha. Various banknotes are used within the United Kingdom. The Bank of England has a legal monopoly of banknote issuance in England and Wales, but not in Scotland and Northern Ireland, where three banks in Scotland and three in Northern Ireland, issue their own banknotes as provisioned by the Banking Act 2009. However, the law requires that the issuing banks in Scotland and Northern Ireland hold a sum of Bank of England banknotes (or gold) equivalent to the total value of notes issued. Versions of the pound sterling issued by Crown Dependencies and other areas are regulated by their local governments and not by the Bank of England. Four British Overseas Territories (Gibraltar, Saint Helena, Ascension Island and the Falkland Islands) also have currencies called...
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