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decimalization

American  
[des-muhl-iz-ay-shuhn, -ahyz-] / ˌdɛs məl ɪzˈeɪ ʃən, -aɪz- /

noun

  1. the process of reducing or converting something, such as currency, to a decimal system.


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Example Sentences

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See Examples For:

It was its lowest level since the decimalization of the currency in 1971.

From Washington Times Sep. 26, 2022

But decimalization has been in America for centuries—our currency is 100 cents to the dollar.

From Slate Aug. 8, 2014

In other words, lawmakers sidestepped the really difficult decimalization issue, leaving it to the regulators in a way almost intended for nothing to happen.

From New York Times Apr. 3, 2012

A series of rule changes over the last 15 years, from decimalization to a proliferation of electronic trading venues, made it very tough for them to earn the bid-ask spread in large-cap stocks.

From Reuters Jun. 20, 2011

Of various proposals for decimalization, the most practical is the solution already adopted by South Africa and recommended for Australia and New Zealand.

From Time Magazine Archive

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