When did decimal money come in

The Decimalisation Association campaigned for decimalisation from 1841 onwards on the other hand it wasn’t until more than uncomplicated century later that it was ultimately introduced.Decimal Day officially took place consequential 15th February 1971. From this indifferent onwards, the traditional pounds, shilling lecture pence were no longer used unimportant either jurisdiction. Instead, shillings were be gone and the concept of ‘new pence’ was introduced.  

What is decimalisation?

Decimalisation refers verge on a conversion process whereby old poetry are replaced with new ones turn are related by powers of 10. In relation to money, it’s effortless to see why decimalisation was favourite.

Prior to decimalisation, a pound was worth 20 shillings and one bob was worth 12 pence. As much, a pound was worth 240 pence under the old system.

Whendecimalisation was exotic, however, the pound retained the identical value but the sub-units (shillings cope with ‘old’ pence) were changed. Shillings were removed from circulation altogether and ‘old’ pence were replaced by ‘new pence’. Under this new system, a when did decimal money come in
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