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Answer The currency of the United Kingdom of Great Britain and Northern Ireland was decimalised on 15th February 1971, and became The pound, subdivided into 100 "New Pennies" or "New Pence." Now that the system has operated for so long the "New" has been dropped. Before this change the Pound was subdivided into 240 pennies (or pence) and 20 shillings. A shilling was worth 12 pence, so there were 20 shillings to a pound. Just to be more confusing, pence were written with the letter "d" - an abbreviation of the Latin word "Dinari", meaning pennies. The amount "5d", pronounced "fivepence" as all one word, is equivalent to 5/240 pence, or just over 2 New Pence. For some years after the change, the old "sixpence" coin was still in use as 2 and a half new pence, which was it's exact equivalent.
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