Decimal Day Board. Consideration was given to introducing a new major unit of currency worth ten shillings in the old currency: suggested names included the "new pound", the "royal" and the "noble". This would have resulted in the "decimal penny" being worth only slightly more than the old penny (this approach was adopted, for example, when South Africa, Australia and New Zealand decimalised in the 1960s, adopting respectively the South African rand, Australian dollar and New Zealand dollar equal in value to 10 shillings). But Halsbury decided, in view of the pound sterling's importance as a reserve currency, that the pound should
Pound sterling in the South Atlantic and the Antarctic with sterling, sterling was the currency of much of the Antarctic continent, including the Australian Antarctic Territory and the Ross Dependency. St. Helena used sterling currency as in the United Kingdom until 1976 when it began to issue its own banknotes at par with the pound sterling. In 1984, this territory also began to issue its own coinage, similar to the coinage of the United Kingdom but with different designs on the reverse. The St. Helena currency also circulates on Ascension Island, but not in the other part of the territory, Tristan da Cunha, where UK currency circulates. The Falkland