Old currency is returned to the banks, the banks return it to the mint where it is melted down and sometimes used for making new coins.
In according to my opinion our own currency is highest currency......
the currency is the franc
the currency is euro
The world's oldest currency still in use is Pound Sterling (The currency of the United Kingdom).
the German currency Deuchmarks
On the 14th of February, 1966, decimal currency was introduced in Australia and the Pounds, Shillings and Pence were progressively withdrawn. The bank notes were destroyed and the coins melted down.
In predecimal currency, there were 480 Halfpennies in a Pound.
In the predecimal currency, there were 20 Shillings in One Pound. Therefore there would be 200,000 Shillings in £10,000 (predecimal).
In predecimal currency, there were 12 Pence in a Shilling. In decimal currency, 12 Pence is 12% of a Pound (GBP).
In predecimal currency, there has always been 20 Shillings to One Pound.
In predecimal currency, 13 Pence was One Shilling and 1 Penny.
If you refer to 1 Shilling and 10 Pence (1s 10d or 1/10) in predecimal currency, it converted to 9.16 Pence in decimal currency.
The British predecimal Halfpenny, Penny, Threepence and Sixpence did not have an equivalent coin in decimal currency.
New Zealand's decimal currency was introduced on the 10th of July, 1967. All predecimal currency was progressively withdrawn from circulation from that date.
None. A Threepence represented three Pennies in the various British based predecimal currencies. There were 240 predecimal Pennies in a predecimal Pound, so there were 80 Threepences in a predecimal Pound. At the time of Britains changeover to decimal currency in 1971, the old redundant Threepence became the equivalent of 1.25 New Pence. There are 100 New Pence in the British decimal Pound.
A penny saved is a penny earned.
In predecimal British currency 24 d was 24 pence, which equalled 2 shillings. This is the equivalent of 10 pence in modern British decimal currency.