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.
[2nd February 1982]
Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
(1)The denominations of money in the currency of the United Kingdom shall be the pound sterling and the penny or new penny, being one hundredth part of a pound sterling.
(2)Section 1(1) of the [1967 c. 47.] Decimal Currency Act 1967 (which is superseded by subsection (1) above) is hereby repealed.
This Act may be cited as the Currency Act 1982.