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Pound sterling - Wikipedia, the free encyclopedia |
 | | It is often simply called the pound, with "pound sterling" used mainly in formal contexts, or when it is necessary to distinguish the unit of currency from others that have the same name (the term British pound is also often used for this purpose). |
 | | The pound sign is derived from the original fl-letter "L", as the original duodecimal currency system (pounds, shillings and pence) used the abbreviation LSD (librae, solidi, denarii), libra being the Latin word for "pound". |
 | | The pound sterling, established in 1560–61 by Elizabeth I and her advisors, foremost among them Sir Thomas Gresham, brought order to the financial chaos of Tudor England that had been occasioned by the "Great Debasement" of the coinage, which brought on a debilitating inflation during the years 1543–51. |
| en.wikipedia.org /wiki/Pound_Sterling (3261 words) |
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