In the news: 50 years on – decimalisation

On 15 February 1971, shillings and pence were replaced with ‘new pence’, in what proved to be a complex process. Fifty years ago on ‘Decimal Day’ businesses had to switch their pricing and accounting to decimal, banks had to adapt their part-manual, part-computerised systems and everyone had to learn the new structure, including school children. Even though it meant saying goodbye to old friends including florins and half crowns, decimalisation made life much simpler.


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