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Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10.. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are to a power of 10, most commonly 100, and exceptionally 1000; and ...
In 1850, the official conversion rate between the pound sterling and the rupee was £0 / 2s / 0d (or £1:₹10), while between 1899 and 1914, the official conversion rate was set at £0 to 1s to 4d (or £1:₹15). However, this was just half of market exchange rates between 1893 and 1917.
A Decimal Coinage Commission had been set up in 1956 to consider a move away from the denominations of pounds, shillings, and pence; it submitted its recommendations on 8 August 1958. [3] It replaced the South African pound as legal tender, at the rate of 2 rand to 1 pound, or 10 shillings to the rand.
The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
1848–1970, circulated from 1971 to 1993 with a value of ten decimal pence. Not to be confused with the gold medieval florin. [coins 2] Half crown: 2/6: £0.125: 1526–1969. Sometimes known as "half a dollar" (see Crown below). Half florin or leopard: 3/-£0.15: 1344 Gold; extremely rare. [coins 2] Half noble 3/4 to 4/2: £0.1667 to £0.2083 ...
The Decimal Currency Act 1970 made additional provisions for the changeover not related with the issue of coins. [11] Decimalisation was overseen by the Irish Decimal Currency Board, created on 12 June 1968. It provided changeover information to the public, including a pamphlet called Everyone's Guide to Decimal Currency.
The first to be issued were the 5-shilling and 2s 6d notes. They were printed on States of Guernsey watermarked paper; the height of the notes was 2 + 3 ⁄ 8 inches; the length of the 2s 6d note was 3 + 5 ⁄ 8 inches and that of the 5s note was 2 + 3 ⁄ 4 inches. The 5s note was printed in black and red with the Seal of the Bailiwick in red ...
The 1955 Castle series replaced another four stamp series of high value issued in 1951. They featured the profile of King George VI and were illustrated by two pictures (HMS Victory, Lord Nelson's ship, on the 2 shillings and 6 pence, and the white cliffs of Dover on the 5 shillings) and two symbols (Saint George and the Dragon on the 10 shillings and the Royal Coat of arms on the one pound ...