Jump to content

Open Club  ·  141 members  ·  Free

Headstall's Paddock

CoTT 2 House of Cards


Kitt

Recommended Posts

51 minutes ago, Marty said:

On this day exactly fifty years ago, 15th February 1971, Britain finally got rid of its archaic monetary system of pounds, shillings, and pence, and decimalised its coinage. Previously there were twelve pennies to a shilling, and twenty shillings to a pound (or 240 pennies to a pound, if you like). New coins (initially called new pennies, but quickly known in the vernacular simply as pees) were introduced, with 100 new pence making up the pound. The pound itself didn't change in value, as each new pence was worth 2.4 old pennies.

It was obviously well flagged beforehand, with the term D-Day being used in TV, radio, and newspaper public service advertisements, more than a year in advance. Many, particularly of the older generation, were completely opposed to the change. But, within weeks of the changeover, just about everyone had got used to the new coinage, and life went on as normal (with the exception that children at school found adding and subtracting currency a whole lot easier).

Apparently they choose a day in February for the changeover, as that month was traditionally a quiet month financially. And they chose the 15th, as a number of years earlier both South Africa and Australia had decimalised their currencies on Valentines Day, and the Brits didn't want to be seen to be totally following in the footsteps of its former colonies.

Because of the close links between the British Pound and the then Irish Punt, Ireland also decimalised its currency on the same day.

 

Seems I read this elsewhere ...

  • Like 3
  • Haha 2
Link to comment
Share on other sites

13 hours ago, Marty said:

Midnight! Goodnight, everybody. :hug:

I'll leave you with this bit of Tomfoolery, which is not at all political, even though some people might not realise that fact...

 

I enjoyed this immensely when it first posted on YouTube. I think it very well done ... 

  • Like 2
  • Love 1
  • Haha 1
Link to comment
Share on other sites

×
×
  • Create New...

Important Information

Our Privacy Policy can be found here: Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue..