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Great Britain officially adopted the gold standard in 1816, though it had been using the system since 1670.The strength of the Sterling that came with the gold standard led to a period of major economic growth in Britain until 1914.Early Currency in Britain With its origins dating back to the year 760, the Pound Sterling was first introduced as the silver penny, which spread across the Anglo-Saxon kingdoms.In 1158, the design was changed and rather than pure silver the new coins were struck from 92.5% silver and became to be known as the Sterling Pound.As the fourth most traded currency, the British Pound is the third most held reserve currency in the world.Common names for the British Pound include the Pound Sterling, Sterling, Quid, Cable, and Nicker.
There are high quality photographs throughout displaying the details on a wide variety of coins.
Pictures of other ancient coins include Lawa Bura coins, bia (cowrie shells), and the various coins found and used in northern Thailand (Lan Na kingdom) including Sycee money featuring Chinese characters, Tok money, Pak Moo money, Dok Mai money, Bai Mai money, and Chiang money.
Coins used in the Lan Chang kingdom (modern day Lao P. R) including the long silver ingot currencies of Hang money, Tu money, and Hoi money are included.
However, as the British economy started to decline the US Dollar grew in dominance.
In 1940, the Pound was pegged to the US Dollar at a rate of 1 Pound to .03 US Dollars and many other countries followed, by pegging their respective currencies.