The shilling was the currency issued for use in British controlled areas in East Africa from 1921 until 1969.. It was produced by the East African Currency Board. It is also the proposed name for a common currency that the East African Community plans to introduce.
The East African shilling was introduced to Kenya, Tanganyika (now mainland Tanzania), and Uganda in 1921, replacing the short-lived florin at a rate of 2 shillings = 1 florin. The sho...
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The shilling was the currency issued for use in British controlled areas in East Africa from 1921 until 1969.. It was produced by the East African Currency Board. It is also the proposed name for a common currency that the East African Community plans to introduce.
The East African shilling was introduced to Kenya, Tanganyika (now mainland Tanzania), and Uganda in 1921, replacing the short-lived florin at a rate of 2 shillings = 1 florin. The short lived Florin had been a result of the rising price of silver which occurred in the wake of the first world war. At that time, the Indian Rupee was the currency of the British East African states. The Rupee, being a silver coin rose in value against sterling. When it reached the value of two shillings, the authorities decided to replace it with the Florin. From the florin thence came the East African shilling. The currency remained pegged to one shilling sterling and was subdivided into 100 cents. In 1936, Zanzibar joined the currency board,...
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