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
Currency symbol United Kingdom often uses an interpunct as the decimal point on price stickers (e.g., £5·52), although no longer generally does so in print. Commas (e.g. €5,00) or decimal points (e.g. $50.00) are common separators used in other countries. See decimal separator for information on international standards. Older currency symbols have evolved slowly, often from previous currencies. The dollar and peso symbols originated from the mark employed to denote the Spanish , whereas the pound and lira symbols evolved from an L standing for , a Roman pound of silver. Newly invented currencies and currencies adopting new symbols have symbolism closer