History of the Great British Pound

The Great British Pound (GBP) is the oldest fiat money still in use today. Also called the pound sterling, it was introduced in the 8th Century. The GBP has survived more than 10 economic crises, and many major events including the English Revolution and two world wars, since its inception.

As England will soon be joining Scotland in circulating the new polymer banknotes, RichTopia and Sainsbury’s Bank Money Matters Blog wanted to offer you a look at a visual guide created on the history of the Great British Pound. We thought it may be of interest to share as a reminder of the original lifespan of a British banknote – up to two and a half times less than the new polymer notes offer.

Source: Sainsbury’s Bank Blog

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Derin CagFiat moneyGBPGreat British PoundPolymer banknotePound sterlingSainsbury's Bank Money Matters Blog