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
Coins of the pound sterling usually be said "one-and-six". "Quid" remains as popular slang for one or more pounds to this day in Britain in the form "a quid" and then "two quid", and so on. Similarly, in some parts of the country, "bob" continued to represent one-twentieth of a pound, that is five new pence, and "two bob" is 10p. The introduction of decimal currency caused a new casual usage to emerge, where any value in pence is spoken using the suffix "pee": e.g. "twenty-three pee" or, in the early years, "two-and-a-half pee" rather than the previous "tuppence-ha'penny". Amounts over a pound are normally