Comments on: what was 1930s English currency? http://www.myylt.com/2009/03/29/what-was-1930s-english-currency/ Discussion of Forex Trading and Currency Trading Wed, 23 May 2012 00:22:39 +0000 http://wordpress.org/?v=2.3.3 By: Emasculated Britain http://www.myylt.com/2009/03/29/what-was-1930s-english-currency/#comment-12628 Emasculated Britain Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/03/29/what-was-1930s-english-currency/#comment-12628 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. 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.

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