Currency Act 1982 It is still in force unamended. Currency Act 1982 The Currency Act 1982 (c 3) is an Act of the Parliament of the United Kingdom. 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". The Act sanctions the use of "penny" rather than "new penny" in common usage, such as on coins produced by the Royal Mint. The Act covers
Charles S. Dewey Charles S. Dewey Charles Schuveldt Dewey (November 10, 1880 – December 27, 1980) was a banker and politician from Illinois. The cousin of George Dewey, Charles S. Dewey entered the real estate business in Chicago, Illinois in 1905. He served in the United States Navy during World War I. In 1920, he began a career in banking as Vice President of the Northern Trust Company of Chicago. Four years later, Andrew W. Mellon appointed Dewey an Assistant Secretary of the Treasury. A committee led by Dewey standardized the portraits and dimensions of American currency; the dimensions are still in use