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$4.86653 = 1 (1935) British Pound

The United Kingdom adopted the gold standard, in principle, on June 22, 1816, and the UK departed from gold in June 1914 when World War I began. The UK returned to gold in April 28, 1925 with 1 Pound Sterling = 4.86653 U.S. Dollars, then permanently abandoned gold for paper on September 21, 1931. The pound was pegged at 4.03 dollars in March 1940, devalued to 2.8 U.S. Dollars on September 18,1949 and 2.40 U.S. Dollars on November 18, 1967. The United Kingdom introduced a decimal system on February 15, 1971.

2007-04-13 12:55:29 · answer #1 · answered by F. Frederick Skitty 7 · 0 0

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