DECIMALISATION

Decimalisation

Decimalisation is the process of converting a currency from its traditional denominations to a decimal system, based on one basic unit of currency and a sub-unit which is a power of 10, most commonly 100.

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decimalisation

Noun

  1. Conversion to a decimal system.
  2. Specifically, conversion of the currency of the United Kingdom in 1971 from pounds, shillings and pence to a decimal system in which one pound was worth 100 new pence (later renamed simply pence).


The above text is a snippet from Wiktionary: decimalisation
and as such is available under the Creative Commons Attribution/Share-Alike License.

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