Eastern Caribbean dollar and Pound sterling

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Difference between Eastern Caribbean dollar and Pound sterling

Eastern Caribbean dollar vs. Pound sterling

The Eastern Caribbean dollar (symbol: $; code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

Banknote

A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand.

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Barbados

Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of North America.

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British Overseas Territories

The British Overseas Territories (BOT) or United Kingdom Overseas Territories (UKOTs) are 14 territories under the jurisdiction and sovereignty of the United Kingdom.

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Cupronickel

Cupronickel (also known as copper-nickel) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese.

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Currency

A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.

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Currency symbol

A currency symbol is a graphic symbol used as a shorthand for a currency's name, especially in reference to amounts of money.

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Currency union

A currency union (also known as monetary union) involves two or more states sharing the same currency without them necessarily having any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market).

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Elizabeth II

Elizabeth II (Elizabeth Alexandra Mary; born 21 April 1926) is Queen of the United Kingdom and the other Commonwealth realms.

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Euro

The euro (sign: €; code: EUR) is the official currency of the European Union.

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Fixed exchange-rate system

A fixed exchange rate, sometimes called a pegged exchange rate, is a type of exchange rate regime where a currency's value is fixed against either the value of another single currency, to a basket of other currencies, or to another measure of value, such as gold.

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Gold standard

A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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ISO 4217

ISO 4217 is a standard first published by International Organization for Standardization in 1978, which delineates currency designators, country codes (alpha and numeric), and references to minor units in three tables.

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Jamaica

Jamaica is an island country situated in the Caribbean Sea.

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Penny

A penny is a coin (. pennies) or a unit of currency (pl. pence) in various countries.

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Shilling

The shilling is a unit of currency formerly used in Austria, the United Kingdom, Australia, New Zealand, United States, and other British Commonwealth countries.

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Sovereign (British coin)

The sovereign is a gold coin of the United Kingdom, with a nominal value of one pound sterling.

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Spanish dollar

The Spanish dollar, also known as the piece of eight (peso de ocho or real de a ocho), is a silver coin, of approximately 38 mm diameter, worth eight Spanish reales, that was minted in the Spanish Empire after 1598.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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United States dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.

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