Pound (currency)

A pound is any of various units of currency in some nations. The term originated in the Frankish Empire as a result of Charlemagne's currency reform ("pound" from Latin pondus, a unit of weight) and was subsequently taken to Great Britain as the value of a pound (weight) of silver.[1] As of December 2019, this amount of silver was worth approximately £147 sterling.[lower-alpha 1]

Countries where the official English name of the currency is "pound"

The English word pound is a cognate with, among others, German Pfund, Dutch pond, and Swedish pund. All ultimately derive from a borrowing into Proto-Germanic of the Latin expression lībra pondō ("a pound by weight"), in which the word pondō is an adverb meaning "by weight" and related to the noun pondus ("weight").

The currency's symbol is £, a stylised representation of the blackletter L ( ${\mathfrak {L}}$ ), standing for libra (Latin: "pound").

Today, the term may refer to the English name of a number of (primarily British and related) currencies and a variety of obsolete currencies. Some of them, such as in countries formerly belonging to the Ottoman Empire, are called pound in English, while in the local languages their official name is lira.

Countries and territories currently using currencies called pounds

Country/territory	Currency	ISO 4217 code	Tied to pound sterling?
Egypt	Egyptian pound	EGP	No
Falkland Islands	Falkland Islands pound	FKP	Yes
Gibraltar	Gibraltar pound	GIP	Yes
Guernsey	Guernsey pound	GGP[lower-alpha 2]	Yes
Isle of Man	Manx pound	IMP[lower-alpha 2]	Yes
Jersey	Jersey pound	JEP[lower-alpha 2]	Yes
Lebanon	Lebanese pound	LBP	No
Saint Helena, Ascension and Tristan da Cunha	Saint Helena pound	SHP	Yes
South Sudan	South Sudanese pound	SSP	No
Sudan	Sudanese pound	SDG	No
Syria	Syrian pound	SYP	No
United Kingdom	Pound sterling	GBP	N/A
British Antarctic Territory[3]
British Indian Ocean Territory[4]
South Georgia and the South Sandwich Islands[5]

Historical currencies

Anglo-Saxon pound (Anglo-Saxon England)
Australian pound (until 1966, replaced by the Australian dollar). The Australian pound was also used in the Gilbert and Ellice Islands, Nauru, New Hebrides and Papua and New Guinea. It was replaced in the New Hebrides/Vanuatu in 1981 by the Vanuatu vatu.
Bahamian pound (until 1966, replaced by the Bahamian dollar)
Bermudian pound (until 1970, replaced by the Bermudian dollar)
Biafran pound (1968 to 1970, replaced by the Nigerian pound)
British West African pound
- in British Cameroon replaced by the CFA franc in 1961
- in Gambia, replaced by the Gambian pound in 1968
- in Ghana, replaced by the Ghanaian pound in 1958
- in Liberia, replaced by the U.S. dollar in 1943
- in Nigeria, replaced by the Nigerian pound in 1958
- in Sierra Leone, replaced by the leone in 1964
Canadian pound (until 1859, replaced by the Canadian dollar)
Cypriot pound (Cyprus and Sovereign Base Areas of Akrotiri and Dhekelia, until 1 January 2008, replaced by the euro)
Fijian pound (until 1969, replaced by the Fijian dollar)
Gambian pound (1968 to 1971, replaced by the dalasi)
Ghanaian pound (1958 to 1965, replaced by the cedi)
Irish pound (Irish: Punt na hÉireann) (until 2002, replaced by the euro)
Israeli pound, also known as the Israeli lira (until 1980, replaced by the sheqel)
Jamaican pound (until 1968, replaced by the Jamaican dollar). The Jamaican pound was also used in Cayman Islands and Turks and Caicos Islands until 1968.
Jordanian pound; see Palestine pound.
Libyan pound (until 1971, replaced by the Libyan dinar)
Malawian pound (1964 to 1970, replaced by the Malawian kwacha)
Maltese pound (also known as the Maltese lira and replaced by the euro on 1 January 2008)
New Brunswick pound (until 1860, replaced by the New Brunswick dollar)
Newfoundland pound (until 1865, replaced by the Newfoundland dollar)
New Guinean pound
New Zealand pound (until 1967, replaced by the New Zealand dollar). The New Zealand pound was also used in the Cook Islands and the Pitcairn Islands.
Nigerian pound (1958 to 1973, replaced by the naira)
Nova Scotian pound (until 1860, replaced by the Nova Scotian dollar)
Oceanian pound (1942-1945 under Japanese occupation of Kiribati, Nauru, New Guinea, Solomon Islands and Tuvalu)
Palestine pound (replaced by the Israeli pound; also served as Jordanian pound, replaced in Jordan by the Jordanian dinar)
Pound Scots of Scotland (until 1707 union with England)
Prince Edward Island pound (until 1871, replaced by the Prince Edward Island dollar)
Rhodesian pound (1964 until 1970 in Rhodesia, replaced by the Rhodesian dollar)
Rhodesia and Nyasaland pound (1955-1964, replaced in Southern Rhodesia renamed Rhodesia by the Rhodesian pound, in Northern Rhodesia renamed Zambia by the Zambian pound, and in Nyasaland renamed Malawi by the Malawian pound)
Samoan pound (1914–1920 provisional issue by the New Zealand Government military administration. 1920–1959 by the New Zealand Government administration (Treasury notes). 1960–1963 by the Bank of Western Samoa. Replaced 1967 by the tala ($).)
Scottish pound; see Pound Scots
Solomon Islands pound (1916-1932, replaced by the Australian pound)
South African pound (until 1961, replaced by South African rand). The South African pound was also used in Basutoland, Bechuanaland, South West Africa and Swaziland.
South African Republic pond (refers to the republic in Transvaal, issued 1867-1902, replaced by the South African pound)
South West African pound (1930s to 1961, replaced by South African rand)
Southern Rhodesian pound (1896-1955, circulated also in Northern Rhodesia and Nyasaland; replaced by Rhodesia and Nyasaland pound)
Sudanese pound (until 1992 and since January 2007)
Tongan pound (1921–1966 Government of Tonga Treasury notes. 1967 replaced by the pa'anga ($))
Transvaal pound (see above, South African Republic pond)
West Indian pound (until 1949, replaced by East Caribbean dollar)
Western Samoan pound (1920-1967, replaced by Samoan tala)
Zambian pound (1964 to 1968, replaced by the Zambian kwacha)

Currencies of the former British colonies in America

All of the following currencies have been replaced by the US dollar.

Notes

Silver coins were originally minted from the "finest silver available", The pound named is probably the tower pound which is equivalent to 11.25 troy ounces. 11.25 ozt @ £13.08/ozt = £147.2625 (£13.08/ozt was the price of 0.999 fine silver on 19 December 2019).[2]
Unofficial code

References

Online Etymology Dictionary
"XAG - Silver Ounce". XE.COM. Retrieved 19 December 2019.
"Foreign and Commonwealth Office country profiles: British Antarctic Territory". Archived from the original on 2003-09-02.
"Foreign and Commonwealth Office country profiles: British Indian Ocean Territory". Archived from the original on October 16, 2007.
"Foreign and Commonwealth Office country profiles: South Georgia and the South Sandwich Islands".

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.

[3] Silver coins were originally minted from the "finest silver available", The pound named is probably the tower pound which is equivalent to 11.25 troy ounces. 11.25 ozt @ £13.08/ozt = £147.2625 (£13.08/ozt was the price of 0.999 fine silver on 19 December 2019).[2]

[Unofficial-4] Unofficial code

[1] Online Etymology Dictionary

[2] "XAG - Silver Ounce". XE.COM. Retrieved 19 December 2019.

[5] "Foreign and Commonwealth Office country profiles: British Antarctic Territory". Archived from the original on 2003-09-02.

[6] "Foreign and Commonwealth Office country profiles: British Indian Ocean Territory". Archived from the original on October 16, 2007.

[7] "Foreign and Commonwealth Office country profiles: South Georgia and the South Sandwich Islands".

Currencies named pound or similar
Current	Pound sterling Alderney pound Falkland Islands pound Gibraltar pound Guernsey pound Jersey pound Manx pound Saint Helena pound Egyptian pound Lebanese pound South Sudanese pound Sudanese pound Syrian pound Turkish lira
Local alternative currency	Bristol pound Brixton pound Lewes pound Stroud pound Totnes pound
Defunct	Anglo-Saxon pound Australian pound Bahamian pound Bermudian pound Biafran pound British West African pound Canadian pound Connecticut pound Cypriot pound Delaware pound Fijian pound French livre (Livre parisis • Livre tournois) French colonial livre (Guadeloupe livre • Haitian livre • New France livre • Saint Lucia livre) Gambian pound Georgia pound Ghanaian pound Irish pound Israeli pound Italian lira Jamaican pound Japanese government-issued Oceanian Pound Libyan pound Lombardo-Venetian pound Luccan pound Luxembourgish livre Malawian pound Maltese pound Maltese lira Maryland pound Massachusetts pound New Brunswick pound New Guinean pound New Hampshire pound New Jersey pound New York pound New Zealand pound Newfoundland pound Nigerian pound North Carolina pound Nova Scotian pound Oceanian pound Ottoman lira Palestine pound Papal lira Parman lira Pennsylvania pound Pound Scots Prince Edward Island pound Rhode Island pound Rhodesian pound Rhodesia and Nyasaland pound Sammarinese lira Sardinian lira Solomon Islands pound South Carolina pound Southern Rhodesian pound South African pound South African Republic pound South West African pound Tongan pound Tuscan pound Vatican lira Virginia pound West Indian pound Western Samoan pound Zambian pound
See also	Dinar Pound sign Troy pound