The decimalization of money is its own fun history, with a lot of different countries undergoing their own transitions at different times.
The Spanish dollar, which was the world reserve currency in its heyday, was divided into 8 reals (see how pirates used to refer to money in the form of “pieces of eight”) but issues with the supply of silver led to the introduction of the lesser real de vellón, which eventually settled at 20 to the dollar after over 100 years of uncertainty and confusion.
The decimalization of money is its own fun history, with a lot of different countries undergoing their own transitions at different times.
The Spanish dollar, which was the world reserve currency in its heyday, was divided into 8 reals (see how pirates used to refer to money in the form of “pieces of eight”) but issues with the supply of silver led to the introduction of the lesser real de vellón, which eventually settled at 20 to the dollar after over 100 years of uncertainty and confusion.