View example sentences, synonyms and word forms for Decimalisation.
Decimalisation
Decimalisation meaning
Conversion to a decimal system. | Specifically, conversion of the currencies of the United Kingdom and Ireland in 1971 from pounds, shillings and pence to a decimal system in which one pound was worth 100 new pence (later renamed simply pence).
Synonyms of Decimalisation
Example sentences (10)
Might this be the university administration system’s equivalent of decimalisation?
A quarter-penny coin, to be struck in aluminium, was proposed at the time decimalisation was being planned, but was never minted.
In older terms like two-bob bit (2/-) and thrupenny bit (3d), the word bit had common usage before decimalisation similar to that of piece today.
It even persisted after decimalisation for those coins which had equivalents and continued to be minted with their values in new pence.
On the decimalisation of the currency in 1869, a shilling was deemed to be equivalent to 50 Ceylon cents.
Post 1982 In the years since decimalisation, a number of changes have been made to the coinage.
The original Irish shilling coin (retained after decimalisation)) was finally withdrawn from circulation on 1 January 1993, as a smaller five-pence coin was introduced.
The pre-decimalisation sixpence, also known as a sixpenny bit or sixpenny piece, was equivalent to 2 1 2 p, but was demonetised in 1980.
The pre-decimal Maundy pieces have the same legal tender status and value as post-decimal ones, and effectively increased in face value by 140% upon decimalisation.
Traditionally, the court awarded the smallest coin in the Realm, which in England was one farthing, 1/960 of a pound before decimalisation in the 1970s.