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
Luccan pound Luccan pound The pound (Italian: "lira") was the currency of the Republic of Lucca until 1800 and again of the Duchy of Lucca between 1826 and 1847. It was subdivided into 20 shillings (Italian: "soldi"), each of 3 "quattrini" or 12 pennies (Italian: "denari"). The pound circulated until 1800, when the French franc was introduced, accompanied by the Luccan franc from 1805. After Napoleon's fall, the Luccan State remained without an official currency, using both old francs and Tuscan pounds and florins. The Luccan pound reappeared in 1826 by order of Duke Charles Louis, replacing all circulating currencies. The Luccan