Londra Turu - Money

The currency of the United Kingdom is the Great British Pound, also known as the Pound Sterling or simply the Pound when there is no risk of confusion with other currencies who use the same currency unit. The currency symbol of the Pound is £ and the international currency code is GBP.

One Pound is divided into one hundred pence with a single unit referred to as a penny. The currency symbol of the penny is p and a currency code of GBX is occasionally used in financial circles.

Although the United Kingdom is a member of the European Union there are no current plans to adopt the Euro as the national currency.

Coins in common circulation are available in denominations of 1, 2, 5, 10, 20 and 50 pence, 1 pound and 2 pound. Bank notes are available in 5, 10, 20 and the less common 50 pound denominations.

Banks in Scotland and Northern Ireland issue their own bank notes. While it will be the case that bank notes from England will be accepted in these regions, it is not necessarily the case that notes from these regions will always be accepted at other locations throughout the UK.

Foreign currency can be exchanged at many high street banks, larger post offices and dedicated bureau de change offices. Some travel agents, especially those belonging to large chains such as Thomas Cook, also offer foreign exchange services.

Local currency can also be withdrawn from ATM machines by holders of compatible cards. ATM machines are widespread throughout the UK allowing 24 hour access to money. A list of compatible cards will be displayed on the ATM machines but cards showing the Visa or MasterCard logo will almost always be accepted. Credit cards are widely accepted throughout the UK as a payment method.

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