In British English, a quid is slang for a pound sterling – the British currency. Like the US, the UK has plenty of terms for money – but none of them are the same as the US. Dosh, cash, quid, bunce, bangers and mash (cockney rhyming slang = cash) all mean money. Aubergine...
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This has nothing do with insulting anyone, just intellectual curiosity. If interested, I can tell you what slang terms are used in the US for different ethnicities: Polack (Pole), Kraut, Squarehead (German), Dago, Wop, Greaser, Guinea (Italian), Kike, Hebe (Jew), Bohunk (Czech but also...