Notes and Coins
The Pound is divided into 100 pents or commonly referred to as :Pound,Sterling, or Slang is Quid. . Notes are issued in 50, 20, 10, 5 and all have there own colour and design, and in recent years new polymer banknotes have been introduced to replace £5 and £10 banknotes. If you have the older paper notes they are unlikely to be accepted on the high street although you can still replace them at the bank. The £20 banknotes are ear marked to be replaced in 2020.