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The British Pound Sterling is the official currency of the United Kingdom and many other territories. The British Pounds is one of the oldest currencies in the world that still exists. The British Pound is represented by the symbol £ and by the ISO code GBP. One Pound is subdivided into 100 Pence. The Sterling Pound banknotes and coins are issued by the Bank of England. The banknotes issued ranges from £1 to £50 and coins issued ranges from 1p to 50p and £1 to £5. The British Pound Sterling has an exchange value of 80-100 Indian Rupee. Similar to USD the British Pounds is also one of the most traded currency in the world. Since the Pound Sterling is the official currency in a lot of territories and countries other than Britain, the currency has a global value.