Decimal Currency
Decimal currency is a system of currency in which the basic unit of money is subdivided into smaller units based on powers of 10. This allows for ease of calculation and conversion, as each unit is a multiple or fraction of 10. Decimal currency is used in many countries around the world, with each unit typically represented by a decimal point followed by two digits to denote cents or pence. This system replaced older currency systems based on non-decimal divisions, such as pounds, shillings, and pence.