The United Kingdom and its 9 associated territories’ official currency is the Pound Sterling (GBP). Generally, people refer to the GBP as just a “pound”. It is interesting to explore the history of the British currency since it is officially the oldest currency globally that is still in use. Since its inception, the British currency has always been continuously in use. In the foreign exchange market, it is the 4th most traded currency in the world. The IMF special drawing rights’ value is determined by the basket of currencies in whichthe British pound is part alongside the USD, EURO, JPY, and Renminbi. In global reserves, as of 2023, the British currency is also in the 4th place as a reserve currency.