The UK and Crown dependencies (red) and overseas territories (blue) using the pound or their local issue
ISO 4217
Code
GBP
Denominations
Currency symbol
£
Subunit
p (penny) (1/100)
Banknotes
Freq. used
£5, £10, £20, £50
Rarely used
£1 (not used by the Bank of England or in NI)
£100 (not issued by the Bank of England)
Higher valued banknotes do exist, such as the £1,000,000 (Giant) and £100,000,000 (Titan), however, usage is restricted[1][citation needed]– such as through backing Scottish and Northern Ireland banknotes[2]
Issuance
Central bank
Bank of England
Note-issuing banks
England and Wales
Bank of England
Scotland
Bank of Scotland
Royal Bank of Scotland
Clydesdale Bank
Northern Ireland
Northern Bank / Danske Bank
Ulster Bank
Bank of Ireland
Crown dependencies
States of Guernsey
States of Jersey
Isle of Man Government
Printer
De La Rue
Demographics
England, Scotland, Northern Ireland, Jersey, Guernsey, Isle of Man
British Antarctic Territory, South Georgia and the South Sandwich Islands, St Helena, Ascension and Tristan da Cunha (Tristan da Cunha only), Gibraltar
v
t
e
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.
The Bank of England has a legal monopoly of banknote issuance in England and Wales but, for historical reasons six banks, three in Scotland and three in Northern Ireland, also issue their own banknotes that circulate in the system and may be used for cash transactions anywhere in the United Kingdom – but the law requires that the issuing banks hold a sum of Bank of England banknotes (or gold) equivalent to the total value of notes issued.[3]
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. Three British Overseas Territories (Gibraltar, Saint Helena, and the Falkland Islands) also have currencies called pounds which are at par with the pound sterling.
^"Security by Design" (PDF). Bank of England. 2007. Retrieved 27 March 2008.
^Bowlby, Chris. "Britain's £1m and £100m banknotes". BBC News. Retrieved 22 May 2014.
^"No. 58254". The London Gazette. 21 February 2007. p. 2544.
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