Europe can learn from UK's decimal currency switch

UK - The conversion to a decimal currency in Britain in 1971 may have lessons for the introduction of euro notes and coins in January next year.

The introduction of decimalisation in Britain in 1971 was not greeted with universal acclaim, reports the Financial Times, 20 June.

In the words of one aggrieved woman at the time who found her standards of value thrown out of kilter when decimal money was brought in:

"Why couldn't they have waited to do this until all the old folk were dead?"


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