Citation 1982 c 3 | Commencement 2 February 1982 | |
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Long title An Act to replace section 1(1) of the Decimal Currency Act 1967 so as to sanction references to the new penny as the penny. Territorial extent England and Wales; Scotland; Northern Ireland Relates to Decimal Currency Act 1967 | ||
The Currency Act 1982 (c 3) is an Act of the Parliament of the United Kingdom.
Contents
Background
Following Decimal Day in 1971, when the British monetary system changed from pound/shilling/penny to the metric £1 = 100p system, the new currency was known as the "new pound" and therefore the "new pence". By 1982, the use of "new pence" was out of use, and replaced with "penny".
Provisions
The Act sanctions the use of "penny" rather than "new penny" in common usage.
Application
The Act covers England, Wales, Scotland and Northern Ireland. It is still in force unamended.
References
Currency Act 1982 Wikipedia(Text) CC BY-SA