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- %C2%A3sd abstract "£sd (sometimes pronounced, and occasionally written, L.s.d.) is the popular name for the pre-decimal currencies once common throughout Europe, especially in the British Isles, and also in several countries of the British Empire and Commonwealth. The abbreviation originates from the Latin currency denominations librae, solidi, and denarii. In the United Kingdom, which was one of the last to abandon the system, these were referred to as pounds, shillings, and pence (pence being the plural of penny).This system originated in the classical Roman Empire. It was re-introduced into Western Europe by Charlemagne and was the standard for many centuries across the continent. The British form of the system was used in much of the Commonwealth until the 1960s and 1970s, with Nigeria being the last to abandon it, in 1973. Under this system, there were twelve pence in a shilling and twenty shillings, or 240 pence, in a pound. The penny was subdivided into four farthings until 31 December 1960, when they ceased to be legal tender in the UK, and until 31 July 1969 there were also two halfpennies in circulation. The advantage of such a system was its use in mental arithmetic, as it afforded many factors and hence fractions of a pound such as tenths, eighths, sixths and even sevenths if the guinea (worth 21 shillings) was used. When dealing with items in dozens, multiplication and division are straightforward; for example, if a dozen eggs cost four shillings, then each egg was priced at fourpence.As countries of the British Empire became independent, some (like the United States) abandoned the £sd system quickly, while others retained it almost as long as Britain itself: Australia, for example, only changed to using a decimal currency on 14 February 1966. Still others, notably Ireland, decimalised only when Britain did. Britain abandoned the old penny on Decimal Day, 15 February 1971, when one pound sterling became divided into 100 new pence. (This was a change from the system used in the earlier wave of decimalisations, in Australia, New Zealand, Rhodesia and South Africa, in which the pound was divided into two of a new major currency called the 'dollar' or 'rand'.) The British shilling was replaced by a 5 new pence coin worth one twentieth of a pound. Nigeria continued to use £sd until the introduction of naira on 1 January 1973.For much of the 20th century, £sd was the monetary system of most of the Commonwealth countries, the major exception being Canada. Historically, similar systems based on Roman coinage were used elsewhere; e.g. the division of the livre tournois in France and other pre-decimal currencies such as Spain, which had 20 maravedis to 1 real and 20 reals to 1 duro or 5 pesetas.".
- %C2%A3sd thumbnail Drury_Lane_Notice_Board_VA.jpg?width=300.
- %C2%A3sd wikiPageExternalLink www.coinsgb.com.
- %C2%A3sd wikiPageID "521616".
- %C2%A3sd wikiPageRevisionID "645131257".
- %C2%A3sd hasPhotoCollection £sd.
- %C2%A3sd subject Category:Currencies_of_the_United_Kingdom.
- %C2%A3sd subject Category:Economic_history_of_Ireland.
- %C2%A3sd subject Category:Numismatics.
- %C2%A3sd type Abstraction100002137.
- %C2%A3sd type CurrenciesOfTheUnitedKingdom.
- %C2%A3sd type Currency113385913.
- %C2%A3sd type Measure100033615.
- %C2%A3sd type MediumOfExchange113372961.
- %C2%A3sd type Standard107260623.
- %C2%A3sd type SystemOfMeasurement113577171.
- %C2%A3sd comment "£sd (sometimes pronounced, and occasionally written, L.s.d.) is the popular name for the pre-decimal currencies once common throughout Europe, especially in the British Isles, and also in several countries of the British Empire and Commonwealth. The abbreviation originates from the Latin currency denominations librae, solidi, and denarii.".
- %C2%A3sd label "Karoling pénzrendszer".
- %C2%A3sd label "Karolingische muntsysteem".
- %C2%A3sd label "Karolingisches Münzsystem".
- %C2%A3sd label "Monetazione carolingia".
- %C2%A3sd label "£sd".
- %C2%A3sd sameAs m.02l3h6.
- %C2%A3sd sameAs £sd.
- %C2%A3sd wasDerivedFrom £sd?oldid=645131257.
- %C2%A3sd depiction Drury_Lane_Notice_Board_VA.jpg.
- %C2%A3sd isPrimaryTopicOf £sd.