How to Take Care of
YOUR STERLING POUNDS?
Great Britain Pound, or fondly known as GBP in forex markets, is the currency of the UK. Sterling Pound (its symbol is £) is one of the most valued currencies in the world.
A British Pound is made up of 100 pence, like 100 paisa make 1 Rupee. The symbol for pence is p.
British Pound notes are available in the denominations of £5, £10, £20 and £50.
The coins come in the following forms: 1p, 2p, 5p, 10p, 20p, 50p and £1 coins.
Keeping no more than £100 in multiple denominations and a change of around £10 in different pockets is recommended for most of your day to day use.
Cash may not always be the king when you are travelling to a foreign country. There are risks and safety concerns in carrying large amounts of cash. A tourist place in any country, including in the UK, is prone to thieves and pick pocketers.
In these digital times, it is not common to carry a lot of cash. Most travellers use international credit or debit cards. Please make sure you read the fine print of your card issuer terms and conditions. Otherwise, there may be hefty charges or hidden fees if you use it abroad.
It is recommended to carry travel credit or debit cards to minimise such hidden charges or fees.
Gone those days of carrying traveler cheques, which involves a lot of effort to cash them at banks or designated places.
Now the comfort of prepaid cards gained a big popularity due to their security and ease of use.
Although there is a small fee, it is recommended to cheque the exchange rates they offer. Sometimes they could be extortionate.
