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Until 1971 the currency was denominated as £ s d which stood for pounds
shillings and pence. There were 12 pennies in a shilling and 20 shillings in a
pound (£) Accounting ledgers had three columns for each unit. For example:
£ s d
1 2 6 (1 pound 2 shillings and
sixpence)
+ 3 18 9 (3 pound 18 shillings and ninepence)
= 5 1 3 (5 pound 1 shillings and threepence)
Currently the exchange rate is about £1 = $1.60
Historically the rate has been closer to £1 = $4.00
See also - The value of the pound for detailed
historical perspective
2/6d (2 shillings and sixpence) was known as half a crown (a crown was 5/-)
Other names for coins were:
3d was a thrupenny (threepenny)
6d was a tanner
1/- was a bob
10/- was a ten bob note
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