oins are in circulation:
halfpenny
one penny
two pence
five pence
ten pence
fifty pence
On the face of English banknotes one can read the denomination given both in figures and in words.
Then the inscription on the face of the banknote reads: I promise to pay the bearer on demand the sum of. . . And then there are two signatures. The first signature is that of the person authorized by the Government and the Bank of England. The second signature is that of the Chief Cashier.
The backs of English banknotes, like many other banknotes, feature portraits of different famous people .
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2. American money
The American dollar is subdivided into one hundred cents.
The dollars are issued by the Federal Reserve System, established by Congress in 1913.
Here is the text on the face of an American dollar banknote:
-. . . dollars
-Federal Reserve Note
-The United States of America
-this note is legal tender for all debts public and private
-Washington, D. C.
-Treasurer of the United States
-Secretary of the Treasury
On the face of American dollars one can also see the portraits of the following famous persons:
-George Washington (1732-1799), the first President of the United States of America, who gave his name to the capital of the country.
George Washington became the first President after the successful war of 13 British colonies for independence. After they won the war they formed 13 states and united to make the United States of America. Thus Independence was proclaimed on July 4, 1776.
-Abraham Lincoln (1809-1865) who was President from 1861 to 1865
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