Ibaglian dollar: Difference between revisions
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[[Image:10 CG newflag.png|right|thumb|400px|A ten pound note]] | [[Image:10 CG newflag.png|right|thumb|400px|A ten pound note]] | ||
The '''pound''' is the currency of [[Ibagli]]. It was introduced on 14 February 1966 as a decimal currency to replace the Australian | The '''pound''' is the currency of [[Ibagli]]. It was introduced on 14 February 1966 as a decimal currency to replace the [[wp:Australian pound|Australian pound]], which was also demonetized in Australia on that day, with the value of the Ibaglian Pound set at the value of one-half that of the Australian pound, which was also the value of the new [[wp:Australian dollar|Australian dollar]]. It was originally planned to be issued at a 1:1 ratio with the old Australian pound, and to also be based on the [[wp:£sd|£sd]] system, but the Kenilworth government decided that [[wp:decimalisation|decimalisation]] in Australia and New Zealand was a convenient trigger for the abolition of what he considered to be an outdated monetary system. | ||
[[Category:Ibaglian economy]] | [[Category:Ibaglian economy]] | ||
Revision as of 05:32, 24 April 2010
The pound is the currency of Ibagli. It was introduced on 14 February 1966 as a decimal currency to replace the Australian pound, which was also demonetized in Australia on that day, with the value of the Ibaglian Pound set at the value of one-half that of the Australian pound, which was also the value of the new Australian dollar. It was originally planned to be issued at a 1:1 ratio with the old Australian pound, and to also be based on the £sd system, but the Kenilworth government decided that decimalisation in Australia and New Zealand was a convenient trigger for the abolition of what he considered to be an outdated monetary system.