sign in • sign up
web   discussions   tasks   blogs   photos

What is that squiggly thing?  email this discussion to a friend?

myLot reputation of 95/100. OreoCookie3 (22476) 4 years ago

That little squiggly thing that looks like a capital L in cursive with a line through the middle.. Is that a Pound?
It is like our .. we use $ and you use something not on my keyboard.happy

That is a pound right?

Is there a sign for any other money denomination?

Is there a Lira? Is that English money too.. or something else?

Why is the squiggly thing called a pound. To us a pound is this: #.

I'm just wondering about the origin of things.

I even wonder how we got the $ sign.

Do you know anything about the history of how your coins and money got their names?

I have no idea about our own even.. does anyone know?

 

people
sponsors
Currency - Trading& Info
Compare Currency Trading Solutions @ Business.com.
www.Business.com

$1Million A Year For Life
PCH Cash Giveaway As Seen On TV Enter Free at PCH.com by Feb 21st!
www.PCH.com/money

Make up to $500 Today
Learn the easiest way to earn money online for free. 5 min to setup
www.EasyTrade.us

pyewacket (12221) response was accepted on 3/23/2008.
denotes best response, click it to go to the best response.
tags:  money, pound, currency, dollar, dollars
 
1. myLot reputation of 90/100. vulgarlittleprincess (559)   ranked 3,903 out of 26,920 in people   4 years ago

the "little squiggly thing that looks like a capitol L in cursive with a line through the middle" is in fact the symbol for a pound. Ther is also a symbol for a Euro that looks like a rounded capitol E. The "squiggly thing" is called a pound because that is the name of the currency.
As for your questions about the origins of currency and symbols I have no idea. I am sorry that I am unable to help.


myLot reputation of 95/100. OreoCookie3 (22476)  4 years ago

Ahh ThankshappyI wasn't sure what that thing was called. I was having to do an article about England and didn't want to use "dollars" when that is not their money. Thanks!

Currency - Trading & Info Compare Currency Trading Solutions @ Business.com.  www.Business.com
 
2. myLot reputation of 98/100. pyewacket (12221)   ranked 327 out of 26,920 in people   4 years ago

Well if you want your head to spin with symbols...hehe..I found this website that has all the symbols used for monetary denominations world wide

http://www.xe.com/symbols.php


Yes that funny L symbol is the British pound...as for Lira which is Italy, it might be called Lira but don't know if they still actually use it..most European countries now use the "euro" which symbol is like an "e"

As for how money symbols began or the history...yeesh...no idea


myLot reputation of 98/100. pyewacket (12221)   ranked 327 out of 26,920 in people  4 years ago

Oh I know the Wikipedia is not the most reliable but found an answer there why the british pound is called a pound


http://simple.wikipedia.org/wiki/British_pound

And just found a few more things...about the dollar


http://en.wikipedia.org/wiki/United_States_dollar


http://www.projects.ex.ac...


myLot reputation of 99/100. heavenschild (1715)   ranked 406 out of 26,920 in people  4 years ago

WOWshocked
You really put research into this one!!!
There is nothing more for me to add herecry

~Heavens~


myLot reputation of 95/100. OreoCookie3 (22476)  4 years ago

Thanks pye.. as always I can depend on you to find so much stuff out! Great! You get BR for this one.


myLot reputation of 95/100. OreoCookie3 (22476)  4 years ago

So they got 100 p to a pound... but a pound is worth more than a dollar I think.. and it used to be 20 shillings to a pound and a shilling was 12 pennies would be 240 p or pees.. pennies.. so a pound might be $2.40 cents to us?


myLot reputation of 98/100. pyewacket (12221)   ranked 327 out of 26,920 in people  4 years ago

Thanks Oreo for the br....have no idea about the values of the shillings, pound...all I know our dollar value sucks at the moment..shocked

$1Million A Year For Life PCH Cash Giveaway As Seen On TV Enter Free at PCH.com by Feb 21st!  www.PCH.com/money
 
3. myLot reputation of 99/100. heavenschild (1715)   ranked 406 out of 26,920 in people   4 years ago

Pye has been a huge help here and I must say I have nothing more to add here but thanks for the discussion....I've learned a lot already that I did not already know!winkthumbup

~Heavens~


myLot reputation of 95/100. OreoCookie3 (22476)  4 years ago

Leave it to Pye! She is a great researcher.happyGlad you stopped by Heavens.happy

Make up to $500 Today Learn the easiest way to earn money online for free. 5 min to setup  www.EasyTrade.us
 
4. myLot reputation of 66/100. BCMike (3316)   4 years ago

The stylized L with the line through it is the symbol for the Pound Sterling currency.
They use the L because it is the first letter of the abreviated pound that we use in common today which is of course lb. Something weighs 7 lbs. We know from that lbs that this in fact means that item weighs 7 pounds. Hence L with the squiggly line through it.
Lira is Itallian. In the days when I was a kid growing up, a simple hambergure required about 15,000 lira. I have no idea what their symbol was.
Today, Italy and most other continental countries including Ireland use the Euro. It's symbol is a C with and = sign through the center of the C making a stylized E.
In America, you have coins. 1 cent is called a penny. 5 cents is called a nickel because of what it's made out of. I'm not sure why 10 cents is called a dime. But the quarter is called that because 25 cents is 1/4 of one dollar. It's also called two bits because of the old pirate day when coins were apparently routinely broken in to 8. Pieces of eight? So in order to have a quarter, you literally needed "two bits".
In Canada we do not have penny, nickel, dime and quarter coins. We have 1,5,10,25 cent coins. The named coins is an Americanism we use though.
As for the $, I haven't a blessed clue as to how that originated.


myLot reputation of 95/100. OreoCookie3 (22476)  4 years ago

I remember every now and then we would get Canadian coins and they didn't work in the soda machines.. but they still got into our circulation and they spent just as well in the store.


myLot reputation of 66/100. BCMike (3316)  4 years ago

I remember being in Washington state and having a problem because the store clerk wouldn't accept a Canadian penny.
In fact, Canadian money was very difficult to use anywhere I went. Yet in Canada I was supposed to just accept US currency like it was my own. I became a male genital item over that. glare

Iraqi Dinar - Buy Now U.S. Treasury Registered Since 2004 Buy as low as $1150 per million  www.gidassociates.com
 
5. myLot reputation of 93/100. SViswan (5864)   ranked 494 out of 26,920 in people   4 years ago

Well, I got thinking after you asked the question and did some research.
I can see you got some help on the pounds and dollars part.
Our currency (India) is the Rupee....and it originated from the word 'rupyakam' which means silver in the Sanskrit language. Earlier silver coins were used as currency and so Rupee came into origin. It is usually denoted as Re (Rupee - singular) and Rs (Rupees - plural). That's pretty straightforward and easy to understand why.

New Car Pricing Find the Dealers' Secret Price on a New 2011/2012 Vehicle!  www.CarPriceSecrets.com
 
6. myLot reputation of 99/100. elemental69 (1040)   ranked 204 out of 26,920 in people   4 years ago

Yes that would be the pound sign, £. and this one is the euro sign €. Hope that has been of help. Lira, punt, franc and a lot of other denominations of European currency where all combined into the one currency called the Euro in 2002. :-)

5 Foods to never eat Cut down a bit of stomach fat every day by never eating these 5 foods  Truthaboutabs.com
 
7. myLot reputation of 90/100. jtr115 (689)   ranked 5,257 out of 26,920 in people   4 years ago

According to another Wikipedia article I read, the $ symbol supposedly originated with the former Spanish dollar. The article says the symbol comes from the Spanish coat of arms, which features the two pillars of Hercules and an S-shaped ribbon with the motto "Non Plus Ultra."

The # symbol is also used to mean pound, although on British telephones it is referred to as the "hash" key.


myLot reputation of 95/100. OreoCookie3 (22476)  4 years ago

On our phones we call # pound. I don't have the squiggley L for pound or the C= for euro on my computer keys.. I guess in some countries they have them? like we have $ sign in England they would have the squiggly L sign for pound?

money Open A Checking Account Online Today. No One Turned Down  bwillconsulting.com
 
8. myLot reputation of 98/100. raydene (5491)   4 years ago

Hi Honey

You can find alot of info

about different money conversions

at

http://www.oanda.com/convert/classic

oxoxxoxoxoxoxo

Local Coupons 1 ridiculously huge coupon a day. Get 50-90% off your city's best!  www.Groupon.com
 
9. myLot reputation of 96/100. lecanis (7304)   ranked 221 out of 26,920 in people   4 years ago

I heard somewhere that the word "dollar" came from some German word for money, though why it would be used here then I don't know, except that a lot of countries have used the word "dollar" for money. If I go to the wire transfer screen at work (since I work at bank) I see a lot of different "dollars". Our money is abbreviated, USD but there's also the Canadian dollar, the Australian dollar, and others.

I don't really know a lot about the signs, since most o of the stuff we used at the bank has the abbreviations for the currency on it instead, but I know there are a lot of them!


myLot reputation of 95/100. Hatley (48745)   ranked 437 out of 26,920 in people  4 years ago

lecanis I have read someplace that it was a toss up in the early days of our US history that we might use german as our native language or English and I am heartily glad that English won out so that may have something to do with the german word for money and dollar. that is just my guess.


myLot reputation of 95/100. OreoCookie3 (22476)  4 years ago

I guess you learn a lot working at a bank... my cousin worked at a bank all her working life.. she is retired now.

Mutual Fund Invest In Money Market Mutual Funds. See Exclusive Online Offers Today.  firstcountybank.com
 
10. myLot reputation of 68/100. LoudnProud (6249)   4 years ago

Hey oreo,yes it is a pound £ ,of course you know that now,but i am replying because you say you do not have that on your keyboard,but i have the dollar sign $,funny that eh.
happy


myLot reputation of 95/100. OreoCookie3 (22476)  4 years ago

I wonder why we don't have the pound sign.. we do have # sign but not the squiggly L sign.


myLot reputation of 68/100. LoudnProud (6249)  4 years ago

Oh i dont know Oreo,i am stll laughing at you calling it the aquiggly sign happy

ING DIRECT Investing Buy Stocks for $4 - No Minimums. $50 Account Bonus. Learn More!  www.sharebuilder.com/ingdirect
 
sponsors
Iraqi Dinar - Buy Now
U.S. Treasury Registered Since 2004 Buy as low as $1150 per million
www.gidassociates.com

New Car Pricing
Find the Dealers' Secret Price on a New 2011/2012 Vehicle!
www.CarPriceSecrets.com

5 Foods to never eat
Cut down a bit of stomach fat every day by never eating these 5 foods
Truthaboutabs.com

similar discussions
My Life on MyLot - friends and money
This happened in October end of 2010, just after the death of my father, I was going through the...
Yay! Mylot sent me some money!
I just came home for lunch, logged in to check my email when I read one good news telling me that...
Why is it so?
It is hard to earn money yet so easy to expend. You really have to work hard to earn it but it...
Saving is a virtue
I had learned that most people wants to spend, but not many of them ever think about saving. A good...
The money might take a few weeks to arrive your bank
If you already file your tax return, they might give you an estimated date the money might arrive...
Is own a website is better than a blog?
I have a blog on earn money online but i didn't get enough visitors according to that on other hand...
I'm all about saving money
I'm all about saving money. Who isn't these days? I'm pretty sure everyone on this site is all...
Good luck to those who wish to make $4 a day here!
It never ceases to amaze me how some people here think they will get rich and not have to work a...
$111.00 this week just isn't going to cut the cheese
Well I am really glad that I have my payment from here coming in, it's not much but it will help me...
can i trasfer money from my liberty reserve to my bank account?
hi friends am from india ,can i transfer directly the money in my liberty reserve account to my...
sponsors
Iraqi Dinar - Buy Now
U.S. Treasury Registered Since 2004 Buy as low as $1150 per million
www.gidassociates.com
New Car Pricing
Find the Dealers' Secret Price on a New 2011/2012 Vehicle!
www.CarPriceSecrets.com
5 Foods to never eat
Cut down a bit of stomach fat every day by never eating these 5 foods
Truthaboutabs.com
money
Open A Checking Account Online Today. No One Turned Down
bwillconsulting.com
Local Coupons
1 ridiculously huge coupon a day. Get 50-90% off your city's best!
www.Groupon.com
Mutual Fund
Invest In Money Market Mutual Funds. See Exclusive Online Offers Today.
firstcountybank.com
ING DIRECT Investing
Buy Stocks for $4 - No Minimums. $50 Account Bonus. Learn More!
www.sharebuilder.com/ingdirect
return to mylot
We are loading a word from our sponsors. No thanks, cancel loading.