what was 1930s English currency?
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This entry was posted on Sunday, March 29th, 2009 at 4:02 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
March 29th, 2009 at 4:02 am
The Pound Sterling, as it still is, but with one important difference.
The pound went decimal in the early 1970s, (ie made into 100 pennies in a pound).
Before this, and back a thousand years, a pound was not "decimalised."
The pound was made up of 20 shillings, and a shilling was 12 pennies.
Therefore in 1930 a pound was 240 pence, not 100 like it is today.
This seems an odd way to organise a currency but the reason was this: 240 Sterling silver penny coins weighed one pound, hence a pound sterling.