Currency Act 1982

Currency Act 1982

Long title An Act to replace section 1(1) of the Decimal Currency Act 1967 so as to sanction references to the new penny as the penny.
Citation 1982 c 3
Territorial extent England and Wales; Scotland; Northern Ireland
Dates
Commencement 2 February 1982
Other legislation
Relates to Decimal Currency Act 1967
Status: Current legislation
Text of statute as originally enacted
Revised text of statute as amended

The Currency Act 1982 (c 3) is an Act of the Parliament of the United Kingdom.

Background

Following Decimal Day in 1971, when the British monetary system changed from pound/shilling/penny to the metric £1 = 100p system, the new currency was known as the "new pound" and therefore the "new pence". By 1982, the use of "new pence" was out of use, and replaced with "penny".

Provisions

The Act sanctions the use of "penny" rather than "new penny" in common usage.

Application

The Act covers England, Wales, Scotland and Northern Ireland. It is still in force unamended.

References


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