|
  |
|
|
Decimal Currency ...
It is nearly 42 years ago, that decimal currency was introduced into Australia. Prior to decimal currency, Australia's currency was based on the English monetary system of Pounds, Shillings and Pence. There were 12 Pennies in a Shilling and 20 Shillings made a Pound. When it was announced that 12 pennies would become 10 cents, there was outrage, as everyone thought they were losing 2 coins in value. It took a long, long time to convince the older population that they weren't, in fact, losing anything at all. The transition commenced on the 14th February 1966 and there were still many people who were confused by it all, even twelve months later. I was at high school at the time, and I can remember doing very well in the school tuck shop, due to the confusion of converting the old coins into the new. It wasn't enough to retire on, but I was able to buy accessories for my push bike as a result. |
No reactions yet.
Please login or sign up to rate this intel.
Please login or sign up to add a comment.
The copyright for this content entitled "Decimal Currency ..." has been specified by the contributor as:
All Rights Reserved
This content may not be copied, distributed or adapted by anyone under any circumstances.
|
 |
May, 2012
2008
January, February, March, April, May, June, July, August, September, October, November, December
2009
January, February, March, April, May, June, July, August, September, October, November, December
2010
January, February, March, April, May, June, July, August, September, October, November, December
2011
January, February, March, April, May, June, July, August, September, October, November, December
2012
January, February, March, April, May
|
|
Not a member yet?
Qondio is a powerful network for making it online. If you have a website to
promote, we can help.
Sign up and get in on the action.
|
|
Welcome to Qondio! Discover the awesome power this network can deliver by going to our About page. Or you could skip straight to the Sign Up form.
|
|
