( February 2011) ( Learn how and when to remove this template message) Unsourced material may be challenged and removed. Please help improve this article by adding citations to reliable sources in this section. This section needs additional citations for verification. The Irish pound had the same £sd currency structure, and the same decimalisation was carried out. Amounts with a number of old pence which was not 0 or 6 did not convert into a round number of new pence. An old value of 7 pounds, 10 shillings, and sixpence, abbreviated £7-10-6 or £7:10s:6d became £7.52 1 / 2p. Each new penny was worth 2.4 old pence (abbreviated "d").Ī coin of half a new penny was introduced to maintain the approximate granularity of the old penny, but was dropped in 1984 as inflation reduced its value. With decimalisation, the pound kept its old value and name, but the shilling was abolished, and the penny was revalued, such that the pound was subdivided into 100 of what were originally called "new pence" ("NP"), and later just pence ("p") when confusion was no longer likely. Decimal Day ( Irish: Lá Deachúil) 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.īefore this date, the British pound sterling (symbol "£") was subdivided into 20 shillings, each of 12 (old) pence, a total of 240 pence.
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