Why is a fiver the lowest paper bill available in British Pounds?

Answer by  Gunrunner (561)

Her Majesty's government made the change from a 1 pound note to a coin as a cost saving move in the late 80's or early 90's. This move was made because the paper notes wear out in a matter of months, whereas the coins last for over 20 years.

Answer by  BobSXLemon (110)

One pounds notes were removed from English circulation in the eighties because at the time the one pound note was not worth very much. The current system is popular.

Answer by  georgesquales (23)

There used to be a british one pound note but this was discontinued in 1984, one year after they introduced the one pound coin. The banknote was replaced by the coin. You can still get one pound notes on jersey and guernsey and from the royal bank of scotland.