4.1.3 UK currency

The currency in the UK is the pound sterling (symbol £). There are 100 pence in a pound. The denominations (values) of currency are:

coins: 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2 notes: £5, £10, £20, £50.

Northern Ireland and Scotland have their own banknotes, which are valid everywhere in the UK. However, shops and businesses do not have to accept them.