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Until the middle of the 19th century, privately owned banks in Great Britain and Ireland were free to issue their own banknotes. Paper currency issued by a wide range of provincial and town banking companies in England, [14] [15] [16] Wales, [17] Scotland [18] and Ireland [19] circulated freely as a means of payment.
Sea. A sea is a large body of salty water. There are particular seas and the sea. The sea commonly refers to the World Ocean, the wider body of seawater . Particular seas are either marginal seas, second-order sections of the oceanic sea (e.g. the Mediterranean Sea ), or certain large, nearly landlocked bodies of water.
The pound ( sign: £) is the main unit of sterling, [ 4 ] and the word pound is also used to refer to the British currency generally, [ 5 ] often qualified in international contexts as the British pound or the pound sterling. [ 4 ] Sterling is the world's oldest currency in continuous use since its inception. [ 6 ]