The obverse of these banknotes all feature the portrait of Elizabeth II originally introduced in 1990. The pound sterling banknotes in current circulation consist of Series G Bank of England notes in denominations of £5, £10, £20 and £50. Versions of the pound sterling issued by Crown dependencies and other areas are regulated by their local governments and not by the Bank of England.Ĭurrently circulating Bank of England notes The Bank of England has a legal monopoly of banknote issuance in England and Wales but, for historical reasons six banks, three in Scotland and three in Northern Ireland, also issue their own banknotes that circulate in the system and may be used for cash transactions anywhere in the United Kingdom – but the law requires that the issuing banks hold a sum of Bank of England banknotes (or gold) equivalent to the total value of notes issued. Three British Overseas Territories also have currencies called pounds which are at par with the pound sterling. Sterling banknotes are official currency in the United Kingdom, Jersey, Guernsey, the Isle of Man, British Antarctic Territory, South Georgia and the South Sandwich Islands, and Tristan da Cunha.
#10 POUND BANK NOTE ISO#
Sterling banknotes are the banknotes in circulation in the United Kingdom and its related territories, denominated in pounds sterling (symbol: £ ISO 4217 currency code: GBP).
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