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What does decimalisation mean?

Looking for the meaning or definition of the word decimalisation? Here's what it means.

Noun
  1. Conversion to a decimal system.
  2. Specifically, conversion of the currency of the United Kingdom in 1971 from pounds, shillings and pence to a decimal system in which one pound was worth 100 new pence (later renamed simply pence).
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Examples
Historical examples of cash conversions, like decimalisation in the United Kingdom and Ireland in 1971, also suggest that the net effect on prices is very limited.
The decimalisation of the currency in 1971 made no difference to this tradition.
The rollout, which is being billed as the biggest UK financial changeover since decimalisation, will happen simultaneously across the country and not region by region.
It is the UK's biggest consumer project since decimalisation.
The decimalisation reform in 2000 reduced tick sizes.
It even persisted after decimalisation for those coins which had equivalents and continued to be minted with their values in new pence.

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