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# Topic: Decimal currency

###### In the News (Mon 18 Jun 18)

 Decimalisation - Wikipedia, the free encyclopedia   (Site not responding. Last check: 2007-10-08) The United States was the first to introduce a decimal currency with the dollar in 1792, adopting only the currency aspects of a more comprehensive metric system proposed by Thomas Jefferson. The switch from pounds shillings and pence to decimal currency started with the introduction of the 5p and 10p coins in 1968, although an earlier experiment resulted in the introduction of the Florin coin denominated at "one tenth of a pound" in 1849. The new coins were the same size and value as the old 1 shilling and 2 shilling coins respectively, and served to introduce the new decimal currency smoothly. www.northmiami.us /project/wikipedia/index.php/Decimalisation   (628 words)

 Encyclopedia: Decimal currency   (Site not responding. Last check: 2007-10-08) Decimal currency is the term used to describe any currency for which the ratio between the basic unit of currency and its sub-unit is a power of 10. Today, the only currencies which are not decimal are those that have no sub-units at all, except for; A two cent euro coin In currency, the cent is a monetary unit that equals th of the basic unit of value. The Malagasy franc is the defunct currency of Madagascar. www.nationmaster.com /encyclopedia/Decimal-currency   (672 words)

 Decimal currency   (Site not responding. Last check: 2007-10-08) Decimal currency is currency in which the sub-units of thebasic unit of currency are divisable into the basic unit by a factor of ten ; in practice thisusually means that 100 of the sub-unit make up one of the basic unit, but currencies divided into 1000 sub-units also exists, especially in Arab countries. Today, the only currencies which are not decimal are those that have no sub-units at all, plus the Mauritanian ouguiya, 1 ouguiya = 5khoum, and the Malagasy franc of Madagascar : 1 ariayry = 5 francs. The latter currency is doubly unusual:note that the "default" unit is actually the smaller unit. www.therfcc.org /decimal-currency-51652.html   (153 words)

 Decimal currency -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-10-08) The latter currency is especially unusual: note that the "default" unit is actually the smaller unit. Once the world's leading currency, the pound sterling worked on a system of pence (12 to a shilling) and shillings (twenty to a pound), plus other combinations (ha'pence, tuppence, guinea, and crown). However, the rise of the dollar as the most common world currency in the second half of the twentieth century, and the convenience of decimalized currency for electronic transactions, has led to the domination of the decimalized currency. www.absoluteastronomy.com /encyclopedia/d/de/decimal_currency.htm   (311 words)

 ipedia.com: Decimal currency Article   (Site not responding. Last check: 2007-10-08) Decimal currency is currency in which the sub-units of the basic unit of currency are divisable into the basic unit by a factor of ten ; in practice this usually means that 100 of the sub-unit make up... Decimal currency is currency in which the sub-units of the basic unit of currency are divisable into the basic unit by a factor of ten; in practice this usually means that 100 of the sub-unit make up one of the basic unit, but currencies divided into 1000 sub-units also exists, especially in Arab countries. Today, the only currencies which are not decimal are those that have no sub-units at all, plus the Mauritanian ouguiya, 1 ouguiya = 5 khoum, and the Malagasy franc of Madagascar: 1 ariayry = 5 francs. www.ipedia.com /decimal_currency.html   (210 words)

 Relational Logistics Group, Web Globalization Guide Framework (c) 1996-2002   (Site not responding. Last check: 2007-10-08) Currency may be physical (as in denominations of paper money and coins), or may be virtual (as in the electronic credit and debit of monetary amounts from source and target funds and accounts). As an example, the national currency units of the participating countries needed to be "fixed" in relationship to the Euro, and during a "transition" period, support for both the national currency units and the Euro were required. Although a currency may be defined as the "official" currency issued by a country, supporting data and transaction structures should not restrict the use of each currency to a single country. www.globalwebarch.com /freesite/RDBMS-GG-C04-5.html   (3237 words)

 Museum of Australian Currency Notes: Decimal Currency   (Site not responding. Last check: 2007-10-08) A major project during the first half of the 1960s was the introduction of decimal currency and the issue of a new series of currency notes. The Government decided in 1963 that the decimal currency should be based on a 10 shilling/100 cent system. It established the Decimal Currency Board to oversee the conversion process and set February 1966 as the date for introduction of the new currency. www.rba.gov.au /Museum/Displays/1960_1988_rba_and_reform_of_the_currency/decimal_currency.html   (77 words)

 Decimal Currency Act 1965 [Act]   (Site not responding. Last check: 2007-10-08) An Act to amend the law of the State in consequence of the adoption of decimal currency in Australia; to make other necessary provisions in relation thereto; for matters connected therewith and incidental thereto and for other purposes. This Act may be cited as the Decimal Currency Act, 1965. References in documents which are not statutory instruments to amounts in old currency to be construed as references to equivalent amounts in new currency www.parliament.sa.gov.au /Catalog/legislation/Acts/d/1965.60.htm   (1234 words)

 AusStats : 1965 Special Article - Decimal Currency The Decimal Currency Committee was appointed by the Commonwealth Government in February, 1959, to investigate the advantages and disadvantages of a decimal currency; if a decimal currency was favoured, to make recommendations concerning the unit of account and denominations of subsidiary currency most appropriate for Australia and the method of introduction and the cost involved. The Currency Act 1963 (No. 67 of 1963), which was assented to on the 30th October, 1963, is the first of a number of Acts necessary to give effect to the governments decision. Briefly, the Act provides for the new currency and establishes the relationship between it and the existing system of pounds, shillings and pence, and specifies the denominations and minting and legal tender arrangements for the new decimal coins. www.abs.gov.au /ausstats/abs@.nsf/94713ad445ff1425ca25682000192af2/a62514f23f32cb32ca256f2a00073479!OpenDocument   (1394 words)

 History of Nigerian Currency The West African Currency Board was responsible for issuing currency notes in Nigeria from 1912 to 1959. On 31st March, 1971, the then Head of State announced that Nigeria would change to decimal currency as from 1st January, 1973.The major currency unit would be called Naira which would be equivalent to ten shillings: the minor unit would be called kobo; 100 of which would make one Naira. The decision to change to decimal currency followed the recommendations of the Decimal Currency Committee set up in 1962 which submitted its report in 1964. www.cenbank.org /currencymgt/history_currency.htm   (504 words)

 Sabre Interface User Record Change Briefing   (Site not responding. Last check: 2007-10-08) Displays a list of rates for the currencies of other countries, in relation to the national currency of the country named in the request.  The currency code must be the valid currency for the country specified in the entry. The default currency in the pseudo city TJR will continue to be used as the currency display as is done today unless an override currency is entered in the car request. When converting fares from a national currency to euro or vice versa, the fares are converted using the fixed rate between the euro and the national currency. www.sabretravelnetwork.com /products_and_services/travel_agencies/hardware_software/s1_000964.htm   (4173 words)

 Decimal Currency - Nostalgia Central   (Site not responding. Last check: 2007-10-08) In 1966, plans were introduced in Britain for conversion to decimal currency. After five years of planning and with a public fearful of the outcome, the changeover to decimal currency in Britain eventually occurred on " D Day" (decimalisation day) - 15 February 1971. Decimal conversion charts could not be avoided as out went the Libra Solidus Denarius (LSD as the "old" money was known). www.nostalgiacentral.com /pop/decimal.htm   (151 words)

 Australian Decimal Currency The sheep motif appearing on the shilling and the ears of wheat on the threepence were not included in the new designs, the former because it is not native to Australia and the latter because it did not fit with the wildlife theme. The first decimal coins, officially released on the 14th February, 1966, consisted of six denominations, a round silver 50 cent piece, three copper-nickel coins - 20 cent, 10 cent and 5 cent - and two bronze coins - 2 cent and 1 cent. The Australian decimal banknotes issued on 14 February, 1966 maintained many of the features established in the pre-decimal series, while incorporating fresh new designs.The four new notes, \$1, \$2, \$10 and \$20, were designed by Gordon Andrews. www.australianstamp.com /Coin-web/aust/decimal.htm   (5917 words)

 Decimal currency Decimal currency is a currency in which the sub-units of the basic unit of currency are divisable into the basic unit by a factor of ten; in practice this usually means that 100 of the sub-unit make up one of the basic unit. For example, 100 United States cents[?] make one dollar, 100 British new pence[?] make one pound and so forth. The text of this article is licensed under the GFDL. www.ebroadcast.com.au /lookup/encyclopedia/de/Decimal_currency.html   (82 words)

 kbAlertz: (889577) - Describes a problem that may occur when you set the Supply the number of decimal places used for ... Pipeline Properties dialog box, you can modify the number of decimal places to be used for currency rounding by using the Supply the number of decimal places used for currency rounding property. This value is used for default rounding processing and to determine the scaling factor that is used in legacy currency keys. Currency (high precision) setting is specified for Currency mode on the pipeline. www.kbalertz.com /kb_889577.aspx   (547 words)

 Integers, currency and decimal formats explained for you on the School-Resources.co.uk website   (Site not responding. Last check: 2007-10-08) Currency is a number with a currency sign in front of it that tells us the amount is money. Currency may have a decimal point and up to two decimal places. The number of decimal places is the number of figures after the decimal point. www.school-resources.co.uk /NumberFormat.htm   (146 words)

 Dáil Éireann - Volume 396 - 01 March, 1990 - Decimal Currency Bill, 1990: Second Stage. It is not good for the image of the currency, or indeed the country, to have notes in circulation in a less than acceptable state. Section 3(a) inserts a new section 4A in the Decimal Currency Act, 1969, to enable the provision of 1p and 2p coins in the form of copper coins with a steel core. Section 3 (b) is a technical amendment of section 14 of the Decimal Currency Act, 1969, to include a reference in that section to coins issued under section 2 of this Bill. www.oireachtas-debates.gov.ie /D/0396/D.0396.199003010005.html   (9022 words)

 AusStats : 1963 Special Article - Report of the 1959 decimal currency committee The Decimal Currency Committee was appointed by the Commonwealth Government in February, 1959, to investigate the advantages and disadvantages of a decimal currency, and, if a decimal currency was favoured, the unit of account and denominations of subsidiary currency most appropriate for Australia, the method of introduction, and the cost involved. After examining the advantages and disadvantages of a decimal currency, and the evidence pointing to significant savings which would result, the Decimal Currency Committee is convinced that its adoption in Australia is desirable. Because of the nature and extent of banks' operations and their strategic role in reform of this nature it is proposed that banks should commence to operate in decimal currency as from the change-over date. www.abs.gov.au /ausstats/abs@.nsf/94713ad445ff1425ca25682000192af2/9a953de15f376525ca256f2a00073477!OpenDocument   (1905 words)

 Tidbits of British Postal History In preparation for the conversion to decimal currency on February 15, 1971, the British Post Office issued four decimal high value definitives in June, 1970. When decimal stamps were issued, the currency symbol became a “p” for pence, instead of the previous “d” for denarii, the Latin word for pennies. Similarly, after decimalization there was a period of slightly over a year in which predecimal stamps could still be used, and they were often used in combination with decimal stamps, as on the covers shown on the next two pages. www.gbstamps.com /gb_album/tidbits_history/tidbits_history_38.html   (299 words)

 Formatting Numeric Data for a Specific Culture (.NET Framework Developer's Guide)   (Site not responding. Last check: 2007-10-08) The NumberFormatInfo class defines how currency, decimal separators, and other numeric symbols are formatted and displayed based on culture. For example, the decimal number 10000.50 is formatted as 10,000.50 for the culture "en-US" and 10.000,50 for the culture "de-DE". The euro is the official currency of Belgium, Germany, Spain, France, Ireland, Italy, Luxembourg, Netherlands, Austria, Portugal, Finland, and Greece. msdn.microsoft.com /library/en-us/cpguide/html/cpconformattingnumericdataforspecificculture.asp?frame=true   (1712 words)

 BBC ON THIS DAY | 1 | 1966: Britain to go decimal in 1971 One of its functions will be to establish a new Decimal Currency Board to oversee the switch which will take place in February 1971. Preliminary estimates suggest the cost of switching to decimal coinage may be as much as £120m. Plans to introduce a decimal currency in the UK had been over delayed over disagreement about whether to retain the pound or replace it with a smaller unit as South Africa, Australia and New Zealand had done. news.bbc.co.uk /go/click/rss/0.91/public/-/onthisday/hi/dates/stories/march/1/newsid_2513000/2513943.stm   (407 words)

 Commonwealth Pre-Decimal Currency It was retained for the sixpence and its fifty-three-year-old history only came to an end with the introduction of decimal currency in 1966. In addition, the changeover to decimal currency in 1966 was the single most crucial move in reducing the numbers of available coins. On the changeover to decimal currency in 1966, a six pointed asterisk replaced the star and a prefix of Z was added. www.australianstamp.com /Coin-web/aust/cwealth.htm   (6679 words)

 No. 21/1970: DECIMAL CURRENCY ACT, 1970 —(1) This section applies to any amount of money in the old currency payable on or after decimal day as one of a series of payments of the same amount payable periodically, whether pursuant to a written or other agreement or otherwise, not being an amount mentioned in subsection (3) of this section. (b) a coin of the new currency may be treated as being a current coin of the old currency calculated on that basis. (7) On and after decimal day, silver coins of the denomination of ten shillings issued under the Coinage Acts, 1950 and 1966, shall be deemed to be coins of the denomination of fifty new pence issued under the Act of 1969. www.acts.ie /zza21y1970.1.html   (1880 words)

 Chapter Deceiver to Decimeter of D by Webster's Dictionary (1913 Edition) A number expressed in the scale of tens; specifically, and almost exclusively, used as synonymous with a decimal fraction. a decimal fraction in which the same figure, or set of figures, is constantly repeated; as, 0.354354354; - - called also recurring decimal, repeating decimal, and repetend. To destroy a considerable part of; as, to decimate an army in battle; to decimate a people by disease. www.bibliomania.com /2/3/257/1195/22367/6.html   (273 words)

 Palestine Coins and Banknotes - Main Page This was similar to the decimal system in Egypt, based on 100 piastres to the Egyptian pound, and unlike the typical British non-decimal currency system where 12 pence (d) equaled 1 shilling (s); 20 shillings equaled 1 pound (£) sterling. The Palestine Currency Board, after consulting with the Mandatory government officials, decided that the coins should be in the denominations of 1 and 2 mils (bronze), 5, 10, and 20 mils (nickel-bronze with center hole), and 50 and 100 mils (silver with reeded, or milled edges). The Palestine Currency Board was appointed in 1926 by the British Secretary of State for the Colonies, and was in charge of the introduction and control of currency in Palestine under the British Mandate. www.drberlin.com /palestine   (905 words)

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