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As notes above, this issue did not lead to full decimalization.
A. The investment community as a whole, including the public, cannot handle decimalization right now.
Decimalization of time periods within the day sees occasional use.
Then decimalization, and the competition in spreads it brought, largely ended the practice.
Right up to the time of decimalization, pronunciation was idiosyncratic.
After decimalization on 14 February 1966, it was equal to 10 .
These continued to be the main source of exchange until the decimalization of 1966.
The system included built-in capabilities for working with Pound sterling before decimalization.
Decimalization in 1877 brought about the introduction of three new coins, the 1, 2 and 5 centavos.
Even though decimalization was intended to reduce investors' costs, many money managers take a dim view of it.
"And it is a step that our markets should take now, before the uncertainty of decimalization is upon us."
Decimalization has been talked about for years but with strong Wall Street opposition, little has happened.
The 10 shilling note was replaced by the 50 pence coin during the process of decimalization.
Since it is equivalent to 20 new pence, the coin was not demonetized as part of the 1971 decimalization.
-How does decimalization fit in with the year?
This figure was an exact conversion from 7/6 (seven shillings and sixpence) on decimalization in 1971.
Only one denomination of coin was issued by the Dominican Republic before decimalization.
Decimalization is generally advocated for reducing effort of calculations involving quantities of different scale.
In that format it has continued to be minted, even following decimalization of the British currency in 1971.
In 1997, that was cut in half, and in 2000 and 2001 decimalization came in.
These managers said they thought decimalization had resulted in less liquidity, less transparency and greater volatility.
In 1969, the 10-shilling note was replaced by a 50-pence note in the build-up to decimalization.
These Kreuzer continued in circulation until decimalization, following German unification.
In a 2001 survey of money managers by Greenwich Associates, 70 percent had a negative opinion of decimalization.
Now, he said, former Year 2000 programmers are being put on jobs like getting the company ready for 24-hour stock exchanges and decimalization of stock prices.
In the years since decimalisation a number of changes have been made to the coinage.
The move towards decimalisation was afoot for over a century.
The decimalisation of the pound came to be blamed for an increase in inflation.
They did not cease to be legal coinage on Man until decimalisation in 1971.
The mistakes that took place when decimalisation was introduced in 1972 cannot and must not reoccur.
In 1971, when decimalisation took place, the face values of the coins were increased from old to new pence.
When decimalisation happened on 14 February 1966, the coin value was equal to 0.8333 .
The value of the pound itself was unchanged by decimalisation.)
Decimalisation of the currency was discussed during the 1960s.
BrE did have specific words for a number of coins before decimalisation.
Since decimalisation, on 15 February 1971, the pound has been divided into 100 (new) pence.
France introduced decimalisation in a number of countries that it occupied during the Napoleonic period.
Decimalisation would have provided an ideal opportunity to break the link with Sterling, but there was not much demand for this at that time.
The denomination was first introduced on the decimalisation of the currency in 1874 as a 0.600 silver coin.
In 1969, the 10/- note was replaced by the 50p coin as part of the preparation for decimalisation.
It was introduced in 14 February 1966 on the decimalisation of Australian currency.
In the years just prior to decimalisation, the circulating British coins were:
For example, we all recall the introduction of decimalisation and, despite our assurances at that time, consumers experienced price increases.
However, we must not make the same mistakes that surrounded the introduction of decimalisation in Ireland in 1972.
After decimalisation reprinted editions cost just 6 new pence.
They became obsolete with decimalisation in 1966.
Following decimalisation, the brass threepence ceased to be legal tender after 31 August 1971.
The most important event of his tenure as minister was the decimalisation of the Irish currency in 1971.
Thereafter, with decimalisation the new penny carried a value of 1/100 of a pound.
Following decimalisation in 1971, the 10-shilling note of the preceding issue became the new 50-pence note, though it retained its old design.