Decimal Day

Decimal Day

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Decimal Day (15 February 1971) was the day the United Kingdom and Ireland decimalised their currencies. Under the old currency of pounds, shillings and pence, the pound was made up of 240 pence (denoted by the letter d for Latin denarius and now referred to as "old pence"), with 12 pence in a shilling and 20 shillings (denoted by s for Latin solidus) in a pound. Especially in an era before widespread computer use, monetary calculation, such as adding up sums of money, was more complicated than with a decimal currency. Tourists were also confused by coins such as the "half-crown" (worth two shillings and sixpence, or one eighth of a pound). The loss of value of the currency meant that the penny, with the same diameter as the U.S. half dollar, was of relatively slight value (the farthing, worth one-quarter of an old penny, had been demonetised in 1960).show more

Product details

  • Paperback | 132 pages
  • 152 x 229 x 8mm | 204g
  • Claud Press
  • United States
  • English
  • 6135671634
  • 9786135671636