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Currency
The British monetary system is based on the pound sterling (GBP). The Euro is rarely used in Britain but there are few big shops that accept Euros, primarily in the south of England.
GBP = Great British Pound (£)
The pound sterling is made up of 100 pence (p) and the singular of pence is the penny, it is symbolized by “p”.
The British currency has two units, the pound and the penny. Currently are in circulation coins with denominations of 1p, 2 p, 5 p, 10p, 20p, 50p, £1, and £2, and bank notes of £5, £10, £20 and £50.
Sometimes you can hear the word “pee” or “pence” when you are paying for something, that means that the value of it is less than £1.
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