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Pound Sterling

(or pound), a monetary unit of Great Britain. The pound sterling is divided into 100 pence (before February 1971, 1 pound sterling = 20 shillings = 240 pence).

Silver coins with the value of a pound sterling have been minted since the 11th century, and gold coins, since the mid-14th century. Banknotes in pounds sterling were first issued by the Bank of England in 1694. In 1816 a gold monetary standard was introduced in Great Britain, with the official gold content of the pound sterling set at 7.322382 g of pure gold. The standard remained in effect until August 1914. A gold-bullion standard was used from April 1925 through September 1931.

After the gold standard was abandoned and the conversion of banknotes to gold ceased, the pound sterling depreciated: its parity in relation to the US dollar declined from $4.86653 to $3.5 by 1932. The pound was subsequently devalued several times. In 1967 its rate of exchange with the US dollar was $2.4, the official gold content of the pound being equal to 2.13281 g. The currency parity of the pound sterling and the relatively narrow limits of the fluctuation of its exchange rate have not been officially supported since June 1972 (a floating exchange rate is now used).

In June 1977 the exchange rate of the pound sterling with the US dollar was $1.72, and the rate established by the State Bank of the USSR set 1 pound sterling equal to 1 ruble 28 kopeks.

E. D. ZOLOTARENKO

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No references found	I maintain the title by the annual payment of twelve pound sterling for a certificate. The Old Curiosity Shop by Dickens, Charles View in context Rags and scraps of the coarse clothing were parted with at the rate equal to about twenty dollars a yard; a piece of a lantern and one or two other trifles brought nearly their weight in gold; and an Englishman offered a pound sterling for a single breeches-button. A Tramp Abroad by Twain, Mark View in context They are paid one pound sterling a month, and their food is given them: this for breakfast consists of sixteen figs and two small loaves of bread; for dinner, boiled beans; for supper, broken roasted wheat grain. The Voyage of the Beagle by Darwin, Charles View in context	Poulik, Josef Poulík, Josef Poulsen, Valdemar Poulter seismic method Poultice poultry Poultry Farm poultry farming Poultry Hatchery Poultry House Poultry Husbandry Poultry Raising, Institute of poumar pounce pounce wheel pounced pouncing pouncing paper Pound pound force pound mass pound on pound per square foot pound per square inch pound sign Pound Sterling Pound, Ezra Pound, Ezra Loomis Pound, Louise Pound, Robert V. Pound, Roscoe pound-calorie pound-foot Pound-Rebka experiment poundage poundal poundal-foot pounds per square inch absolute pounds per square inch differential pounds per square inch gage Poupart's ligament pour pour coat pour depressant pour point pour reversion pour stability pour test pour-plate culture pour-point depressant pour-point inhibitor	pound net pound of flesh pound of flesh pound of flesh pound of flesh pound of flesh pound off pound on pound on pound out pound out pound out pound out pound out Pound overt pound per square foot pound per square foot Pound per square inch Pound per square inch Pound Puppy Pound Ridge Business Association pound scots Pound shop Pound shop pound sign pound sign pound signs pound signs pound something in pound something into someone Pound Sterling Pound stirling Pound stirling Pound store Pound store Pound symbol Pound symbol pound the books pound the pavement pound the pavement pound the pavement pound the pavement pound the pavement Pound to Fit pound up pound up Pound Your Truck Pound, Ezra Pound, Ezra Pound, Ezra (Weston Loomis) Pound, Ezra (Weston Loomis) Pound, Ezra (Weston Loomis) Pound, Ezra (Weston Loomis) Pound, Ezra Loomis Pound, Ezra Loomis Pound, Louise Pound, Robert V. Pound, Roscoe Pound, Roscoe Pound-breach pound-calorie

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I maintain the title by the annual payment of twelve pound sterling for a certificate.

The Old Curiosity Shop by Dickens, Charles View in context

Rags and scraps of the coarse clothing were parted with at the rate equal to about twenty dollars a yard; a piece of a lantern and one or two other trifles brought nearly their weight in gold; and an Englishman offered a pound sterling for a single breeches-button.

A Tramp Abroad by Twain, Mark View in context

They are paid one pound sterling a month, and their food is given them: this for breakfast consists of sixteen figs and two small loaves of bread; for dinner, boiled beans; for supper, broken roasted wheat grain.

The Voyage of the Beagle by Darwin, Charles View in context

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Pound Sterling

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