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Decimal Day (Irish: Lá Deachúil) [1] in the United Kingdom and in Ireland was Monday 15 February 1971, the day on which each country decimalised its respective £sd currency of pounds, shillings, and pence. Before this date, the British pound sterling (symbol "£") was subdivided into 20 shillings, each of 12 (old) pence, a total of 240 pence ...
11 February – The UK – along with the USA, the USSR and others – signed the Seabed Treaty, outlawing nuclear weapons on the ocean floor. 15 February Decimalisation: Decimal Day: the UK and the Republic of Ireland both switched to decimal currency. [6]
Since decimalisation on "Decimal Day", 15 February 1971, the pound has been divided into 100 pence. Originally the term "new pence" was used; the word "new" was dropped from the coinage in 1983. Originally the term "new pence" was used; the word "new" was dropped from the coinage in 1983.
Up until then, the pound had consisted of 20 shillings each of 12 pennies; this change formally taking place on 15 February 1971 (a day known as Decimal Day). All decimal coins subsequently issued by the Royal Mint included the text "NEW PENCE" on the reverse (or "NEW PENNY" in the case of the 1 ⁄ 2 p and 1p coins), [2] a term that was in ...
The British decimal halfpenny (1 ⁄ 2 p) coin was a denomination of sterling coinage introduced in February 1971, at the time of decimalisation, and was worth 1 ⁄ 200 of one pound. It was ignored in banking transactions, which were carried out in units of 1p.
A £1 stamp from Scotland produced during the 1971 Postal Strike. ... introduction of decimal currency in the UK. [2] ... Day: Post strike ends with pay, 5 March 1971
The UK abandoned the old penny on Decimal Day, 15 February 1971, when one pound sterling became divided into 100 new pence. This was a change from the system used in the earlier wave of decimalisations in Australia, New Zealand , Rhodesia and South Africa , in which the pound was replaced with a new major currency called either the "dollar" or ...
February 15, 1971: Decimalisation Day takes place in the UK; the shilling, formerly worth 12 pence, replaced by "five new pence" coin February 9, 1971: Earthquake in Los Angeles collapses VA hospital, kills 38 people February 16, 1971: U.S. President Nixon activates secret tape recording system in White House