It is subdivided into pence singular: penny, abbreviated: p. A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted.
The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception. The British Crown dependencies of Guernsey and Jersey produce their own local issues of sterling: the "Guernsey pound" and the "Jersey pound".
The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland.
Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged at face value. Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies it forms the basket of currencies which calculate the value of IMF special drawing rights, with an CZK conversion.
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It is subdivided into cents. JMD exchange rate The dollar has been the currency of Jamaica since Issued and controlled by the Bank of It is divided into dirhams Arabic Motion Acceleration Running Speed Wind speed. Radioactivity Absorbed dose Equivalent dose Radioactive decay. Time Pregnancy calendar Time Time zones. Settings Decimals 0 1 2 3 4 5 6 7 8 9 Comma separator Comma "," Dot ".
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