The euro is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents.
The standard circulating coinage of the United Kingdom, British Crown Dependencies and British Overseas Territories is denominated in pennies and pounds sterling, and ranges in value from one penny sterling to two pounds. Since decimalisation, on 15 February 1971, the pound has been divided into 100 (new) pence. Before decimalisation, twelve pence made a shilling, and twenty shillings made a pound.
The British decimal five pence coin is a denomination of sterling coinage worth 5⁄100 of a pound. Its obverse has featured the profile of Queen Elizabeth II since the coin’s introduction on 23 April 1968, replacing the shilling in preparation for decimalisation in 1971. It remained the same size as the one shilling coin, which also remained legal tender, until a smaller version was introduced in June 1990 with the older coins being withdrawn on 31 December 1990. Four different portraits of the Queen have been used, with the latest design by Jody Clark being introduced in 2015. The second and current reverse, featuring a segment of the Royal Shield, was introduced in 2008.
The British decimal ten pence coin is a denomination of sterling coinage worth 1⁄10 of a pound. Its obverse has featured the profile of Queen Elizabeth II since the coin's introduction in 1968, to replace the florin coin in preparation for decimalisation in 1971. It remained the same size as the florin coin until a smaller version was introduced 30 September 1992, with the older coins being withdrawn on 30 June 1993. Four different portraits of the Queen have been used on the coin; the latest design by Jody Clark was introduced in 2015. The second and current reverse, featuring a segment of the Royal Shield, was introduced in 2008.
The British decimal one penny (1p) coin is a unit of currency and denomination of sterling coinage worth 1⁄100 of one pound. Its obverse featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was decimalised until her death on 8 September 2022. A new portrait featuring King Charles III was introduced on 30 September 2022, designed by Martin Jennings. Four different portraits of the Queen were used on the obverse; the last design by Jody Clark was introduced in 2015. The second and current reverse, designed by Matthew Dent, features a segment of the Royal Shield and was introduced in 2008. The penny is the lowest value coin ever to circulate in the United Kingdom.
The British decimal two pence coin is a denomination of sterling coinage equalling 2⁄100 of a pound. Since the coin's introduction on 15 February 1971, the year British currency was decimalised, its obverse has featured four profiles of Queen Elizabeth II. In 2008 the design on its reverse changed from the original depiction of a plume of ostrich feathers with a coronet to a segment of the Royal Shield.
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt.
Sterling is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word pound is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling.
The pound was the currency of Ireland until 2002. Its ISO 4217 code was IEP, and the symbol was £ The Irish pound was replaced by the euro on 1 January 1999. Euro currency did not begin circulation until the beginning of 2002.
The CFP franc is the currency used in the French overseas collectivities of French Polynesia, New Caledonia, and Wallis and Futuna. The initials CFP originally stood for colonies françaises du Pacifique but since 2022 is officially Collectivités françaises du Pacifique. Its ISO 4217 currency code is XPF. The CFP franc is subdivided into 100 centimes, although there are no centime denominations. The currency is issued by Institut d'émission d'outre-mer (IEOM).
The Syrian pound or lira is the currency of Syria. It is issued by the Central Bank of Syria. The pound is nominally divided into 100 piastres, although piastre coins are no longer issued. All banknotes and coins below 50 pounds are practically worthless by Dec 2022.
Decimal Day in the United Kingdom and in Ireland was Monday 15 February 1971, the day on which each country decimalised its respective £sd currency of pounds, shillings, and pence.
Coins of the Indian rupee (₹) were first minted in 1950. New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees. All of these are produced by four mints located across India, in Kolkata, Mumbai, Hyderabad, Noida.
The pound or lira is the currency of Lebanon. It was formerly divided into 100 piastres but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued.
Manual fare collection is the practice of collecting fares manually. "Fare collection" generally refers to the collection of fares in the transport industry in return for a ticket or passes to travel. Commonly used on buses and train transport systems, manual fare collection is increasingly becoming obsolete with the introduction of smart cards such as the Transport for London 'Oyster card'. However, in the face of this trend, some companies have opted to retain more traditional methods of manual fare collection to both save money and ensure reliability. In the United Kingdom, examples of this can be seen on the Transport for London Heritage lines and the FirstGroup FTR routes in York, Leeds, Luton, and Swansea where bus conductors have returned to work. The other reason(with lowering prices of electronics, and in most cases need to buy it once) may be for Heritage routes - tradition "look", for other routes(because of quite high monthly labor cost in UK) agreements and strong unions with the tries from politics to lower the unemployment rate by making overworking in public service.
Coin roll hunting is the hobby of searching and sorting coinage pulled from circulation for collectible coins. This is achieved through obtaining rolled coin, boxed coin, or bagged coin from banks and credit unions. A variant of this practice involves banknotes and is carried out in essentially the same fashion, normally to search for unusual serial numbers, star notes, and misprints.
Euro starter kits are packs of euro coins of all the eight denominations sealed in a plastic sachet. The kits' purpose is primarily to familiarise citizens of a nation joining the eurozone with their new currency. A further objective is to provide coins for retailers' cash registers well in advance of their respective €-Day. Usually these kits are available from local banks some weeks before euro changeover.
Coin-rolling related scams are a collection of scams involving coin wrappers. The scammer will roll coins of lesser value or slugs of no value, or less than the correct number of coins in a roll, then exchange them at a bank or retail outlet for cash.
The pound or lira was the currency of the Ottoman Empire from 1844 until 1927, when it was replaced by the Turkish lira. The Ottoman lira remained in circulation until the end of 1927, as the republic was not in a position to issue its own banknotes yet in its early years.
Currency packaging includes several forms of packing cash for easy handling and counting. Many systems use standard color-coding or are marked to indicate the amount in the package.
