1. the process of converting a currency system to a decimal system based on units of ten
Usage: most commonly refers to the conversion of British currency to decimal in 1971
2. the conversion of any system or measurement to a decimal basis
Usage: general or technical usage

Examples

• The decimalization of British currency in 1971 replaced the old pounds, shillings, and pence system.
• Many countries underwent decimalization of their monetary systems in the 20th century.
• The decimalization process simplified calculations and international trade.
• Before decimalization, British schoolchildren had to learn a complex system of currency conversion.
• Decimalization made it easier for computers to process financial transactions.