pre-decimal currency
Pre-decimal currency refers to the monetary system used in countries like the United Kingdom before the introduction of a decimal system in 1971. In this system, the basic unit was the pound, which was divided into 20 shillings, and each shilling was further divided into 12 pennies. This made calculations more complex compared to the straightforward decimal system.
The pre-decimal currency system was in use for centuries, with various coins representing different values. The change to a decimal system simplified transactions, making it easier for people to understand and use money. Today, most countries use decimal currency, which is based on units of ten.