0 a money system in which a smaller unit can be multiplied by ten or a 100 to make up a bigger unit: --
The UK and the US both have decimal currencies.
1 a currency that can be divided into smaller units by dividing by ten or a hundred. For example, in the US a dollar is divided into a hundred cents. --
The reason is that the whole point of having decimal currency is that the main unit should be divisible into 100 cents, without a fraction.
I am speaking about a decimal currency for this country.
I do not believe that the changeover to decimal currency was responsible for the large-scale increases in prices.
I think that we may now accept it as beyond argument that the advantage of decimal currency is unquestioned.
One of the radical changes which we shall see fairly soon will be the move to a decimal currency.
We might instance the introduction of decimal currency as one such change.
I do not want to take this opportunity to discuss the entire new decimal currency system.
The board's report contains a full assessment of the likelihood of the sixpence continuing to circulate freely within the decimal currency system.
