• Short Summary

    Britain's banks closed their doors yesterday, (Wednesday 10 February 1971) and launched a massive "Operation Checkpoint" to convert all their transactions to the new decimal currency.

  • Description

    Britain's banks closed their doors yesterday, (Wednesday 10 February 1971) and launched a massive "Operation Checkpoint" to convert all their transactions to the new decimal currency. More than six million cheques from 14,500 banks were sent to London by the evening. Then computers worked through the night clearing the cheques. By this afternoon (Thursday) the cheques should be back at the local banks again and they can then go ahead converting their machines to decimals before re-opening to the public on Monday (February 15) -Decimal Day.

    When Britain abandons her traditional currency she will move one step closer to the Europe she hopes to join. Decimalisation should help the Commonwealth; only the Irish Republic has a currency which is directly equal to the pound sterling so conversions have always been necessary between Britain and every other country. Britain's conversion to decimals means that almost all the world's major nations now have decimal currencies.

  • Tags

  • Data

    Film ID:
    VLVAE7R125COCCZBTMY1W0EKS3X5F
    Media URN:
    VLVAE7R125COCCZBTMY1W0EKS3X5F
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    11/02/1971
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:36:00
    Time in/Out:
    /
    Canister:
    N/A

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