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The pound is a unit of currency in some nations. The term originated in the Frankish Empire as a result of Charlemagne's currency reform ("pound" from Latin pondious', a unity of weight) and was subsequently taken to Great Britain as the value of a pound (weight) of silver.[1]

The English word pound is cognate with, among others, German Pfund, Dutch pond, and Swedish pund. All ultimately derive from a borrowing into Proto-Germanic of the Latin expression lībra pondō ("a pound by weight"), in which the word pondō is the ablative case of the Latin noun pondus ("weight"). The English word "pound" first referred to a unit of mass or weight; the monetary pound originated as a pound (by weight) of silver.[2]

The currency's symbol is £, a stylised representation of the letter L, standing for livre or lira. Historically, £1 worth of silver coins were a troy pound in weight; in August 2016 this amount of silver was worth approximately £170 sterling.

Today, the term may refer to a number of (primarily British and related) currencies and a variety of obsolete currencies. Some of them, those official in former Italian states[citation needed] and in countries formerly belonging to the Ottoman Empire, are called pound in English, while in the local languages their official name is lira.

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Countries currently using the pound or similarEdit

Current currenciesEdit

Historical currenciesEdit

Currencies of the former British colonies in AmericaEdit

All of the following currencies have been replaced by the US dollar.

See alsoEdit

ReferencesEdit