Monday, February 27, 2012

pound

pound
1. (£) The standard monetary unit of the UK, divided into 100 pence. It dates back to the 8th century AD when Offa, King of Mercia, coined 240 pennyweights of silver from 1 pound of silver. When sterling was decimalized in 1971 it was divided into 100 newly defined pence. The pound is also the currency unit of the Falkland Islands (Fk£), Gibraltar (Gib£), the Channel Islands, and the Isle of Man.

2. The standard monetary unit of Egypt (LE), Lebanon (LL), and Syria (LS), divided into 100 piastres.

3. (£C) The standard monetary unit of Cyprus, divided into 100 cents.

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