“Pound”‘s Latin origins are also the reason the symbol for the British currency, pounds, is an L—L for libra! Browse the list of 34 Pounds acronyms and abbreviations with their meanings and definitions. Currency has its three-letter acronym or abbreviation. Currency symbol - … What does GBP stand for in Currency? List of all most popular abbreviated Pounds terms defined. However, the abbreviation "lb" is derived from the libra part of the word. The Italian word "lira," which was the country's currency from … Occasionally, the abbreviation "UKP" is used but this is non-standard because the ISO 3166 country code for the United Kingdom is GB. Libra is also the Latin word for scales (hence why the zodiac sign is denoted by the balance scales), and scales were an extremely important part of weight measurement since antiquity. lbs is an abbreviation for the Latin word for pound, libra, and this in itself is an abbreviation for libra pondo which means “a pound weight”. The British word for currency also stems from Latin origins. UK v GB In addition to its abbreviation, we all know the United Kingdom and their currency, which is pounds, right? Similarly, that's why the symbol for the British pound is £, or an L with a line through it, because it also comes from libra pondo and, according to the BBC, "the pound's value originally equated to the price of a pound of silver." The basic unit of British currency (currency of the United Kingdom and the Crown Dependencies) is the pound, which is divided into one hundred pence. The “pound sterling” is a monetary unit of measurement that’s used as the official form of currency across the United Kingdom. Should you convert your money into another currency for your next trip? But the Americans and British aren't the only people to take words from the Ancient romans. Currency Name - official name of the monetary unit of the country. The ISO 4217 currency code is GBP, formed from "GB", the ISO 3166-1 alpha-2 code for the United Kingdom, and the first letter of "pound". Identification of the national currency unit that is used according to ISO 4217 standard: the first two letters define the country and the third one - the currency name. Country currency abbreviation rule shows that two letters at the abbreviation start refer to the name of the country, and the third abbreviation letter is the currency … Well, if you know that, you very well know that the symbol for pounds is £—L; and you guessed it correctly, L is for Libra! Currency GBP abbreviation meaning defined here. (abbreviated as p). Usually, money abbreviations or the currency name abbreviation follow ISO international standard – 4217. Represented by an “L”, this type of pound also comes from libra pondo, so it makes sense why the British abbreviation for pounds … Since 1971, the monetary system of Great Britain is based on the decimal system. It does not stand for "Great Britain Pound" or "Great British Pound". GBP/USD is the abbreviation for the British pound and U.S. dollar (GBP/USD) currency pair or cross. Currency Abbreviation- three letter currency code. Top GBP abbreviation related to Currency: Pound Sterling There are 180 world currencies recognized by the United Nations, which are used in 195 different countries.Keep reading to learn the abbreviations for every world currency as well as what countries use each currency. Updated March 2020