How does money(currency)work in the Uk, Briatin, Ireland, Scotland,Etc,?

Question

How does money(currency)work in the Uk, Briatin, Ireland, Scotland,Etc,?

Answer 1

The British pound (£) is used in all the seperate countries of the UK. Scotland has its own notes with their own design on them as well but they can be used throughout all of the UK.

The pound is worth 100 pennies. There are 1p, 2p, 5p, 10p, 20p and 50p, £1 and £2 coins (P short for pennies)

There are £5, £10, £20 and £50 notes

Answer 2

You exchange it for goods or services.

UK uses the pound and Ireland uses the Euro, though there is some crossover.

Answer 3

OK, the United Kingdom (UK) consists of England, Scotland, Wales and Northern Ireland - they all use the British Pound (a.k.a. Pound Sterling; short: GBP; or £). There are 100 Pence [pennies] in a Pound.

Southern Ireland (the Republic) uses Euros (€) like we do in Germany [and almost anywhere else in western Europe]; there's 100 EuroCents in a Euro.

special regulations: many places in Northern Ireland will accept Euros.

Banks in Nothern Ireland and in Scotland will issue their own, funny-looking, Pound notes, which look very different than the regular Pound notes. You should only use those notes in their respective region; but you can change them into regular Pound notes at any bank in the UK; WARNING: do not take those Scottish or Northern Irish bank notes with you to the European continent - banks will not accept them there.

In addition, those British islands which are not constitutionally part of the United Kingdom (that is: Jersey, Guernsey [with Sark, Herm & Alderny], and the Isle of Man) issue their own Pound notes as well; and although they are in some way more "real" than the Scottish and Nothern Irish bank notes, the same restrictions apply to them.

Now, to make things REALLY complicated: the 1 Pound coins in the United Kingdom bear different designs, each representing a different part of the country; BUT they are NOT regional currency like the bank notes described before, but universal British coins;1 Pound coins issued in the Isle of Man, or Jersey, etc., on the other hand, may look similar, but are - strictly speaking - not legal tender in the United Kingdom.

Hope that cleared things up....      ;-)

Answer 4

pound sterling in england and ireland and scotland but scotland does have its own currency which is different notes to england but can be used in either england or scotland so all uk currency can be used all over the uk.

Answer 5

Shillings and shekles alike, don't linger long in me pockets...

Answer 6

We all use £s. GBP = Great Britain Pound (i think)

Answer 7

The basic unit for England, Scotland, Northern Ireland and Wales is the British 'pound' £.  This is roughly equivalent to $2US.  The pound is split into 20 parts called 'shillings'.  There are 12d (pronounced 12 pence) in each shilling.  That means there are 240d in £1, so that means 1d roughly corresponds to one US cent .

Prices are expressed as 'LSD':

eg. 4/13/10 would be 4 pounds, 13 shillings and 10 pence.

The denominations are:

£1

10 shilling note (£0.5)

Half crown (2 shillings and 6 pence - 0/2/6 known as 2 & 6)

Florin - 2 shillings

Shilling -  12 pence (20 shillings make up a pound)

6d (sixpence) - half a shilling

3d (threpence) - quarter of a shilling

1d (one pence) - 12 pence makes a shilling, 240 pence £1

Halfpenny - half of one pence

Farthing - quarter of a penny

The Republic of Ireland uses the euro.

Answer 8

you use it to buy stuff is that shocking news to you??you had better sit down in case you pass out with this revelation

Answer 9

Shillings????? Are you a time traveller from the pre 1971 era ???

Trupence , is this what you pay the young orphan urchin to clean your chimney.

To the questioner, the benefits of an education and or actualy listening in class is that you would be given the ability to never have to reveal your intellectual retardation by asking a blindingly obvious question.

Answer 10

same as in most countries to the more you have the better your life is.

england and scotland have £'s  the irish have Euro's.

Answer 11

Scotland, Wales, England and Northern Ireland use pounds, sterling £.

Ireland uses the Euro €.

= )

Answer 12

ummm are some people stupid,they seem to think that all of ireland is part of the UK only northern ireland is

scotland,england,northern ireland,wales all use the pound sterling £

in the republic of ireland,we are not part of the UK so we use euros € like most other countries in the EU

Answer 13

The Republic of Ireland uses the Euro, the UK (England, Scotland and Wales and Isle of Man) and Northern Ireland still use the pound Sterling.

Answer 14

This might take a little time. The short answer is that you hand over coins and/or notes and (usually) get stuff back.

Answer 15

northern ireland, england, scotland and wales use sterling. southern ireland have the euro. £1 sterling is only worth about 76 pence against the euro. so if you are changing from sterling to euro you get more for your money but if you are changing from euro to sterling it is worth a lot less unfortunately.

Answer 16

UK: England, Wales, Scotland, Nortern Ireland - they all use pounds (₤).

Republic of Ireland uses euros (€).

In Scotland: English, Scottish and Irish pounds are accepted, but in England: only English pound.

Answer 17

It works just like any other country.  You buy something in a shop & you pay for it with money.  I think this answers your question from what I could understand of it.

Answer 18

Miranda is about 50 years behind the times with the British currency.  Shillings indeed! I dont know.