Irish pound The number of pence in the Irish pound was redefined from 240 to 100, with the penny symbol changing from "d" to "p". The pound itself was not revalued by this act and therefore pound banknotes were unaffected, although the 10 shilling note was replaced by the 50p coin. The new 5 pence coin correlated with the old 1 shilling coin, and the new 10 pence coin correlated with the old 2 shilling coin. New coins were issued of the same dimensions and materials as the corresponding new British coins. The Decimal Currency Act, 1970 made additional provisions for the
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