Non-decimal currency in the 19th century envisaged a system of 1 Pound = 10 florins = 100 dimes = 1000 cents. However the only step taken at that time was the introduction in 1849 of a florin (two shillings) coin (the earliest examples bore the inscription "One Tenth of a Pound"). A partial listing of former non-decimal currencies (giving only units of account): In the Eurozone, in the interval between fixing the conversion factors between national currencies and the euro and the introduction of euro coins, the national currencies were non-decimal subdivisions of the euro. Non-decimal currency A non-decimal currency is a
Legal tender of this are: Individual coins or banknotes can be demonetised and cease to be legal tender (for example, the pre-decimal United Kingdom farthing or the Bank of England 1 pound note), but the Bank of England does redeem all Bank of England banknotes by exchanging them for legal tender currency at its counters in London (or by post) regardless of how old they are. Banknotes issued by retail banks in the UK (Scotland and Northern Ireland) are not legal tender, but one of the criteria for legal protection under the Forgery and Counterfeiting Act is that banknotes must be payable