Currency Act 1982
The Currency Act 1982 (c 3) is an Act of the Parliament of the United Kingdom.
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| 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| Text of statute as originally enacted | |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 | |
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, such as on coins produced by the Royal Mint.[1]
Application
The Act covers England, Wales, Scotland and Northern Ireland. It is still in force unamended.
References
- "New Coins". Parliamentary Debates (Hansard). House of Commons. April 20, 1983. col. 101–102.
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