"After all money is money!"
Our EMC prof Dr Gunasekharan was heard exclaiming this during one of those inspirational lectures about entrepreneurship.
Today afternoon I finished another one from Jeffrey Archer, in my opinion his best, "As the Crow Flies". The story of the British 'onest trader Charlie Trumper. A masterpiece performance! The novel starts with a fewpence and at the end it talks of � 1,000,000! Wow, that sorta money :)
And here is about the British currency �, the lower denominations of which have always confused me.
Sign: � (or "L"; both from Latin libra = pound). �1 = 100 pence (p) (singular penny). Pre-1971 �1 = 20 shillings (s.; colloquially "bob"), 1 shilling = 12 pence (d.); hence "Lsd" as shorthand for predecimalisation values. Note that the pre-and-post decimalisation penny had different values (the pound was constant), so the latter were known as "new pence" for their first few years. UKP is a non-standard abbreviation.
In modern times the pound has become the basic unit of currency. Inflation has steadily eroded the value of currency. The basic unit was once the penny. Originally a silver penny of 1.555 grams (1/240 pound troy) had the purchasing power of slightly less than a modern "pound".