THE DECIMAL DAY. What was the Decimal Day? ● The 15 February 1971 was the famous Decimal Day. The United Kingdom and Ireland decimalised their currencies.

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Presentation transcript:

THE DECIMAL DAY

What was the Decimal Day? ● The 15 February 1971 was the famous Decimal Day. The United Kingdom and Ireland decimalised their currencies. ● To simplify their currencies, United Kingdom and Ireland decided to delete the old monetary system and create a new money based about Pence and Pound. They chose the date of 15 th February of 1971 to introduce the new monetary system.

THE DECIMAL DAY- BEFORE 1971? Their currencies consisted of Farthing and Florin, Shilling and Half Crown. Farthing Florin Shilling Half crown Which values had these coins? ● Farthing had a value of a quarter of penny ● Florin had a value of two shillings or a tenth of pound (= Livre Sterling £) ● Half Crown had a value of five Shillings ● Up until 1971, the pound was made of 240 pence. ● There were twelve pence in a shilling and 20 shillings in a pound.

How did English prepare the Decimal Day? To prepare the nation to use the new coins, the government decided to introduce from 1968 two new coins: – The 5 pence – The 10 pence – From 1969 they introduced the new coin of 50 pence

Since decimalisation in 1971 From 1971 the pound (£) has been divided into 100 pence ● One penny ● One pound ● Two pounds ● Decimal Day reduced the mental gymnastics to simply sliding a decimal point for British and people outside the countries.