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Until 1971 the currency was denominated as s d which stood for pounds shillings and pence. There were 12 pennies in a shilling and 20 shillings in a pound () Accounting ledgers had three columns for each unit. For example:

     s  d
   1   2  6  (1 pound  2 shillings and sixpence)
+ 3 18  9  (3 pound 18 shillings and ninepence)
= 5  1  3  (5 pound  1 shillings and threepence)
 
Currently the exchange rate is about     1 = $1.60
Historically the rate has been closer to  1 = $4.00
See also - The value of the pound for detailed historical perspective

2/6d (2 shillings and sixpence) was known as half a crown (a crown was 5/-)

Other names for coins were:
3d was a thrupenny (threepenny)
6d was a tanner
1/- was a bob
10/- was a ten bob note


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