# Currency Act 1982, Section 1: Denominations of money.


(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(2) Section 1(1) of the Decimal Currency Act 1967 (which is superseded by subsection (1) above) is hereby repealed.

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Source: https://www.legislation.gov.uk/ukpga/1982/3/section/1 (the official version)
Page: https://openlegislation.uk/currency-act-1982/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.