c 600 BC Coins are used in Lydia in what is now Turkey
400 BC Silver coins are used in Greece 8th Century AD The Anglo-Saxons make silver pennies Late 13th Century The half penny, the farthing and the groat (four pence) are minted 16th Century Shillings are minted. A coin called a sovereign is also introduced. The Crown and half crown are also introduced. The sixpence and the threepence coin are also minted. 1663 A coin called the guinea is introduced 1694 The Bank of England is founded 1695 The Bank of Scotland is founded 1734 The Bank of England moves to Threadneedle Street 1793 The Bank of England first prints £5 notes 1833 Banknotes issued by the Bank are made legal tender. (They must be accepted as payment for a debt). 1844 The Bank Charter Act creates modern banking in Britain 1891 Travellers cheques are invented in the USA 1946 The Bank of England is nationalised 1966 The first credit card is introduced in the UK 1967 Barclays Bank installs the first cash dispensing machine at a branch in Enfield 1971 With decimalisation a pound becomes worth 100 pence 1983 Pound coins are introduced The Bank of England