The Pound

In days gone by, only gold and silver were used as money. In the developed world, only gold and silver held any value as a medium of exchange.

In Britain, one pound of sterling silver became known as one pound sterling; one British pound (£.)

The symbol for the pound (£) is the letter "L." The letter "L" is the abbreviation for libra, commonly abbreviated as "lb" in the US and Mexico. Libra in Spanish means pound in English.

Image Source: skirebel.com