When did decimalisation occur in the UK?

Decimalisation in the UK occurred on February 15, 1971. The main reason for the change was to simplify the currency system and make it more compatible with the decimal systems used in other countries. The old system, based on pounds, shillings, and pence, was seen as complicated and confusing. Decimalisation introduced the decimal pound, divided into 100 new pence, making calculations and transactions easier for both businesses and individuals. The change was met with some resistance initially, but overall, it was considered a modernization and improvement of the UK's currency system.