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Forums - News / General |
For General modelling or hobby-related topics that are not covered by any other specific forum. Please keep to topics concerning the hobby. |
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| Subject: | Re: Very dumb British monetary unit question! Need answer! |  |
| Date: | May 28, 2003 |
| From: | tim white | |
Hello Yuchung,
Valid question, I have never thought how our monetary system looks to non-UK people. Firstly a "pound" is a monetary UNIT of Britain, plus a few other countries, see "Sterling" expl. below (PENCE is used for amounts below "one pound, or £1"). For example a magazine may be £1 -one pound-, which is $1.64USD. So £1.35 would be "One POUND thirty five PENCE"
"Sterling" is the official NAME of the British monetary system as a whole as this name will set it apart from other countries who have "pounds" in their currencies. "£" Is the symbol for "pounds sterling" basically the unit followed by the name of the particular monetary system, in this case Britain, so as not to confuse it with other countries who have pounds. In some converters it is referred to as "GBP"-Great British Pound.
About as clear as mud really!
If you need a converter go here: http://www.oanda.com/convert/classic
Hope this has helped,
tim |
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