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
Exeter pound Interest Company and made a profit by setting an "expiry date" on each note, which was identified in very small print on the note itself, often overlooked at the point of exchange. This meant that many notes although paid for at the equivalent value in sterling could not actually be spent if not used by the specified deadline. Previous to the Exeter Pound, local currencies were launched in the UK in Bristol (2012), Totnes (2006), Lewes (2008), Brixton (2009) and Stroud (2010). Exeter pound The Exeter Pound (£E) was a form of local complementary currency, or community currency launched in