{"id":9940,"date":"2023-04-12T09:00:37","date_gmt":"2023-04-12T08:00:37","guid":{"rendered":"https:\/\/finseta.com\/?p=9940"},"modified":"2023-01-16T17:04:34","modified_gmt":"2023-01-16T17:04:34","slug":"pound-currencies","status":"publish","type":"post","link":"https:\/\/finseta.com\/ae-en\/pound-currencies\/","title":{"rendered":"Pound currencies around the world"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9940\" class=\"elementor elementor-9940\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-253b3e4c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"253b3e4c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8cf5f4e\" data-id=\"8cf5f4e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-77ca1507 elementor-widget elementor-widget-text-editor\" data-id=\"77ca1507\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Despite being prevalent in the British Isles and the former colonies of the UK, you may be surprised to learn that the term \u2018Pound\u2019 actually originates in the Roman Empire.<\/p><p>The word Pound is based on the Latin word for a weight. Originally a Pound, therefore, was a weight of a wider currency. Think\u2026 a Pound of Sterling!<\/p><p>There are several countries that use the name Pound for their currency including Sudan, South Sudan, Egypt, Lebanon and Syria. You can find out more about them below.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-189fa8c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"189fa8c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-77f6fe7f\" data-id=\"77f6fe7f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-52ddd2be elementor-widget elementor-widget-image\" data-id=\"52ddd2be\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/egyptian-pound-banknotes-1024x683.jpg\" class=\"attachment-large size-large wp-image-5965\" alt=\"\" srcset=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/egyptian-pound-banknotes-1024x683.jpg 1024w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/egyptian-pound-banknotes-300x200.jpg 300w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/egyptian-pound-banknotes-768x512.jpg 768w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/egyptian-pound-banknotes-1536x1024.jpg 1536w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/egyptian-pound-banknotes.jpg 1999w\" sizes=\"(max-width: 800px) 100vw, 800px\" data-attachment-id=\"5965\" data-permalink=\"https:\/\/finseta.com\/close-up-on-the-currencies-of-the-next-eleven\/background-of-different-egyptian-pounds-banknotes-egyptian-curr\/\" data-orig-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/egyptian-pound-banknotes.jpg\" data-orig-size=\"1999,1333\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"egyptian pound banknotes\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Background of different egyptian pounds banknotes. Egyptian currency&lt;\/p&gt;\n\" data-large-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/egyptian-pound-banknotes-1024x683.jpg\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-442a7daa\" data-id=\"442a7daa\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-674ec19 elementor-widget elementor-widget-heading\" data-id=\"674ec19\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Egyptian Pound (EGP)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e153615 elementor-widget elementor-widget-text-editor\" data-id=\"1e153615\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Today\u2019s Egyptian pound has been around in one form or another for nearly 200 years. For a long time it was pegged to the <a href=\"https:\/\/finseta.com\/knowledge-hub\/currencies\/pound-sterling\/\">Pound Sterling<\/a> and then to the <a href=\"https:\/\/finseta.com\/knowledge-hub\/currencies\/us-dollar\/\">US Dollar<\/a>.\u00a0<\/p><p>In 2016, the currency was allowed to freely float on the international markets however it has since depreciated in value against major western currencies.<\/p><p>In 2012, 1 USD was equal to around 6 EGP, today it\u2019s nearly 20 EGP.\u00a0\u00a0<\/p><p>The country is suffering from widespread inflation and the country\u2019s central bank has recently had to devalue the Pound.<\/p><p>Despite free-floating, the Egyptian Pound is subject to many Foreign Exchange controls and is widely viewed as a restricted currency.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-408c83df elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"408c83df\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-69dd7aa8\" data-id=\"69dd7aa8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b19a1de elementor-widget elementor-widget-heading\" data-id=\"2b19a1de\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Lebanese Pound (LBP)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b2b645b elementor-widget elementor-widget-text-editor\" data-id=\"5b2b645b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>In Lebanon, the currency is the \u2018livre libanaise\u2019 which is literally translated as Lebanese Pound. It is often referred to as the Pound or also the Lira.<\/p><p>Up until WW1, Lebanon was under the control of the Ottoman Empire and therefore the Turkish Pound was in use in this part of the world. Following the Ottomans defeat, <a href=\"https:\/\/finseta.com\/knowledge-hub\/country-profiles\/france\/\">France<\/a> took over control of the area and introduced a single Pound currency for their new colonies of Lebanon and Syria. The currency was split in 1932 with the Lebanese Pound becoming an independent currency in its own right.<\/p><p>For a long time the currency was pegged to either the French Franc or the <a href=\"https:\/\/finseta.com\/knowledge-hub\/currencies\/pound-sterling\/\">Pound Sterling<\/a>. Following the Civil War in the 80s, the currency went through mass inflation and its subunit, the piastre ceased to be used.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-37489dbf\" data-id=\"37489dbf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42b92623 elementor-widget elementor-widget-image\" data-id=\"42b92623\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/lebanese-pounds-banknotes-1024x683.jpg\" class=\"attachment-large size-large wp-image-10031\" alt=\"\" srcset=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/lebanese-pounds-banknotes-1024x683.jpg 1024w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/lebanese-pounds-banknotes-300x200.jpg 300w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/lebanese-pounds-banknotes-768x512.jpg 768w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/lebanese-pounds-banknotes-1536x1024.jpg 1536w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/lebanese-pounds-banknotes-2048x1365.jpg 2048w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/lebanese-pounds-banknotes-1200x800.jpg 1200w\" sizes=\"(max-width: 800px) 100vw, 800px\" data-attachment-id=\"10031\" data-permalink=\"https:\/\/finseta.com\/yen-currencies\/lebanese-pounds-banknotes\/\" data-orig-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/lebanese-pounds-banknotes-scaled.jpg\" data-orig-size=\"2560,1706\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;14&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1573294372&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;100&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"lebanese-pounds-banknotes\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/lebanese-pounds-banknotes-1024x683.jpg\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7a9ea45c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7a9ea45c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7b394cae\" data-id=\"7b394cae\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4448cd0 elementor-widget elementor-widget-image\" data-id=\"4448cd0\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/south-sudanese-pounds-business-background-1024x683.jpg\" class=\"attachment-large size-large wp-image-518\" alt=\"\" srcset=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/south-sudanese-pounds-business-background-1024x683.jpg 1024w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/south-sudanese-pounds-business-background-300x200.jpg 300w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/south-sudanese-pounds-business-background-768x512.jpg 768w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/south-sudanese-pounds-business-background-1536x1024.jpg 1536w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/south-sudanese-pounds-business-background.jpg 1620w\" sizes=\"(max-width: 800px) 100vw, 800px\" data-attachment-id=\"518\" data-permalink=\"https:\/\/finseta.com\/south-sudanese-pounds-business-background\/\" data-orig-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/south-sudanese-pounds-business-background.jpg\" data-orig-size=\"1620,1080\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"south-sudanese-pounds-business-background\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/south-sudanese-pounds-business-background-1024x683.jpg\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2bde3946\" data-id=\"2bde3946\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51ffc70d elementor-widget elementor-widget-heading\" data-id=\"51ffc70d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">South Sudanese Pound (SSP)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17e06f4c elementor-widget elementor-widget-text-editor\" data-id=\"17e06f4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>South Sudan is the world\u2019s youngest country. It was founded in 2011 following a referendum on independence from Sudan.<\/p><p>For context, Sudan was always traditionally split between the Muslim majority north and the Christian majority south.<\/p><p>The South Sudanese currency (SSP) was introduced just before independence and sat at par with Sudan\u2019s currency (also the Pound, SDG).<\/p><p>At its introduction, the two different Sudanese pounds were at parity, however South Sudan has experienced a whole host of problems from heavy inflation to civil war. Today 1 Sudanese Pound (SDG) is worth just 0.29 South Sudanese Pounds.<\/p><p>The South Sudanese Pound is split into 100 Piaster (pt) and when introduced it came in banknotes of \u00a310, \u00a320, \u00a350 and \u00a3100. However, due to rapid inflation in 2018, a \u00a3500 note was introduced and last year a \u00a31000 note was introduced.<\/p><p>For the last couple of years, plans have been in place to replace the currency.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c4c7578 elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c4c7578\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1b0ca8ad\" data-id=\"1b0ca8ad\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb761c9 elementor-widget elementor-widget-heading\" data-id=\"fb761c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Sudanese Pound (SDG)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78260d4a elementor-widget elementor-widget-text-editor\" data-id=\"78260d4a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>For a long time Sudan was controlled by the UK and Egypt together. The Egyptian Pound was officially used in the country. When Sudan gained formal independence in 1956, they introduced their own independent currency, the Sudanese Pound. It was introduced at par with the Egyptian Pound.<\/p><p>The Sudanese Pound went through several periods of high inflation and subsequent devaluation and ultimately had to be replaced in 1992 by the Sudanese Dinar. This remained the currency of the country until 2007 when following another bout of successive devaluations, the second Sudanese Pound was introduced into circulation.<\/p><p>Sudan split in two in 2011 and the new Republic of South Sudan chose to introduce their own currency confusingly also called the Pound. When talking about the pound in Sudan it can be easy to get confused! Both currencies are fully separate and independent of one another.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-861a071\" data-id=\"861a071\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-15f47ab elementor-widget elementor-widget-image\" data-id=\"15f47ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/money-from-sudan-a-background-1024x683.jpg\" class=\"attachment-large size-large wp-image-4039\" alt=\"Money from Sudan, a background\" srcset=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/money-from-sudan-a-background-1024x683.jpg 1024w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/money-from-sudan-a-background-300x200.jpg 300w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/money-from-sudan-a-background-768x512.jpg 768w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/money-from-sudan-a-background-1536x1024.jpg 1536w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/money-from-sudan-a-background.jpg 1620w\" sizes=\"(max-width: 800px) 100vw, 800px\" data-attachment-id=\"4039\" data-permalink=\"https:\/\/finseta.com\/money-from-sudan-a-background\/\" data-orig-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/money-from-sudan-a-background.jpg\" data-orig-size=\"1620,1080\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Money from Sudan, a background\" data-image-description=\"&lt;p&gt;Money from Sudan, a background&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Money from Sudan, a background&lt;\/p&gt;\n\" data-large-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/money-from-sudan-a-background-1024x683.jpg\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6c287b1f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6c287b1f\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5aa616b8\" data-id=\"5aa616b8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-28a6c443 elementor-widget elementor-widget-image\" data-id=\"28a6c443\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/syria-banknotes-pounds-1024x683.jpg\" class=\"attachment-large size-large wp-image-10044\" alt=\"\" srcset=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/syria-banknotes-pounds-1024x683.jpg 1024w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/syria-banknotes-pounds-300x200.jpg 300w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/syria-banknotes-pounds-768x512.jpg 768w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/syria-banknotes-pounds-1536x1024.jpg 1536w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/syria-banknotes-pounds-2048x1365.jpg 2048w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/syria-banknotes-pounds-1200x800.jpg 1200w\" sizes=\"(max-width: 800px) 100vw, 800px\" data-attachment-id=\"10044\" data-permalink=\"https:\/\/finseta.com\/yen-currencies\/interior-of-the-peoples-council-of-syria-from-money\/\" data-orig-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/syria-banknotes-pounds-scaled.jpg\" data-orig-size=\"2560,1707\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;13&quot;,&quot;credit&quot;:&quot;Janusz Pienkowski&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;Interior of the People&apos;s Council of Syria from money - Pounds&quot;,&quot;created_timestamp&quot;:&quot;1655881708&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;100&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;Interior of the People&apos;s Council of Syria from money&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Interior of the People&amp;#8217;s Council of Syria from money\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Interior of the People&amp;#8217;s Council of Syria from money &amp;#8211; Pounds&lt;\/p&gt;\n\" data-large-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/11\/syria-banknotes-pounds-1024x683.jpg\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2910122f\" data-id=\"2910122f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4089239e elementor-widget elementor-widget-heading\" data-id=\"4089239e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Syrian Pound (SYP)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a3247f9 elementor-widget elementor-widget-text-editor\" data-id=\"6a3247f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Syrian Pound has been in use since <a href=\"https:\/\/finseta.com\/knowledge-hub\/country-profiles\/france\/\">France<\/a> took over control of the area after World War One. It follows a history very similar to Lebanon described above.\u00a0<\/p><p>Up until WW1, Syria was under the control of the Ottoman Empire and therefore the Turkish Pound was in use in this part of the world. The Syrian Pound was introduced by the French and for many years was pegged to various currencies.<\/p><p>Following the outbreak of the Syrian Civil in the last decade, the currency has seen a significant decline in value. It has been heavily affected by direct US sanctions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e2c0af2 elementor-reverse-tablet elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e2c0af2\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4510d612\" data-id=\"4510d612\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3579b873 elementor-widget elementor-widget-heading\" data-id=\"3579b873\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pound Sterling (GBP)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1641e277 elementor-widget elementor-widget-text-editor\" data-id=\"1641e277\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Pretty much for as long as there has been an England, there has been the <a href=\"https:\/\/finseta.com\/knowledge-hub\/currencies\/pound-sterling\/\">Pound<\/a>. Even before 1066 and William the Conquerer, the British Isles have been using some form of Pound.<\/p><p>The Pound Sterling began back in the reign of King Offa of Mercia in the 600s. At this time (in theory, if not in practice) 240 silver coins made up a Pound in weight.<\/p><p>The term Sterling is therefore linked to the metal silver and the term Pound is linked to the literal unit of weight.<\/p><p>Pennies were introduced in the 1100s and the first Pound coins were introduced in the 1400s. The first Shillings were introduced in the 1500s.<\/p><p>In 1921, the Bank of England began issuing paper banknotes. When HM King Charles III begins to appear on banknotes in the coming years, he will be only the second monarch to have featured on a British banknote.<\/p><p>Because of the Pound Sterling\u2019s long history, its units and subunits became more and more complex and arguably illogical over time.<\/p><p>In 1971 the currency was decimalised and in 1984 the halfpenny was removed from circulation, leaving us with the currency we know today.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-157e1416\" data-id=\"157e1416\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2bb19dc1 elementor-widget elementor-widget-image\" data-id=\"2bb19dc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/09\/stack-of-pound-coins-1024x683.\" class=\"attachment-large size-large wp-image-9211\" alt=\"\" srcset=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/09\/stack-of-pound-coins-1024x683. 1024w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/09\/stack-of-pound-coins-300x200. 300w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/09\/stack-of-pound-coins-768x512. 768w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/09\/stack-of-pound-coins-1536x1024. 1536w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/09\/stack-of-pound-coins-mfrh-original-2048x1365. 2048w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/09\/stack-of-pound-coins 1620w\" sizes=\"(max-width: 800px) 100vw, 800px\" data-attachment-id=\"9211\" data-permalink=\"https:\/\/finseta.com\/how-sterling-changed-during-the-queens-reign\/british-sterling-one-pound-coin-currency\/\" data-orig-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/09\/stack-of-pound-coins\" data-orig-size=\"1620,1080\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"British sterling one pound coin currency\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;British sterling one pound coin currency&lt;\/p&gt;\n\" data-large-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/09\/stack-of-pound-coins-1024x683.\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-32b1a8ef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"32b1a8ef\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-503d7f8c\" data-id=\"503d7f8c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-55ea0cb2 elementor-widget elementor-widget-spacer\" data-id=\"55ea0cb2\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Despite being prevalent in the British Isles and the former colonies of the UK, you may be surprised to learn that the term \u2018Pound\u2019 actually originates in the Roman Empire. The word Pound is based on the Latin word for a weight. Originally a Pound, therefore, was a weight of a wider currency. Think\u2026 a [&hellip;]<\/p>\n","protected":false},"author":221728552,"featured_media":9921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[1370],"tags":[1483],"class_list":["post-9940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gbp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pound currencies around the world - Finseta<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/finseta.com\/ae-en\/pound-currencies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pound currencies around the world - Finseta\" \/>\n<meta property=\"og:description\" content=\"Despite being prevalent in the British Isles and the former colonies of the UK, you may be surprised to learn that the term \u2018Pound\u2019 actually originates in the Roman Empire. The word Pound is based on the Latin word for a weight. Originally a Pound, therefore, was a weight of a wider currency. 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