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Some countries have not changed their currency despite being post-colonial, for example Uganda retains the Ugandan shilling. Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same.
The first Ugandan shilling (UGS) replaced the East African shilling in 1966 at par. Following high inflation, a new shilling (UGX) was introduced in 1987 worth 100 old shillings. The shilling is usually a stable currency and predominates in most financial transactions in Uganda, which has a very efficient foreign exchange market with
Somaliland shilling: Somaliland: Somaliland is an unrecognised state and is de facto rather than de jure independent. SLS conflicts with ISO 4217, because SL stands for Sierra Leone. STG [55] GBP: 2: Sterling: United Kingdom: STG stands for STerlinG, the official name of the United Kingdom's currency, of which the pound is the main unit.
Uganda: Ugandan shilling: Sh or Shs (pl.) UGX (none) (none) Ukraine: Ukrainian hryvnia ₴ UAH Kopeck: 100 United Arab Emirates: United Arab Emirates dirham: Dh or Dhs (pl.) AED Fils: 100 United Kingdom: Sterling £ GBP Penny: 100 United States: United States dollar $ USD Cent [A] 100 Uruguay: Uruguayan peso $ UYU Centésimo: 100 Uzbekistan ...
shilling Tanzanian shilling: KSh: shilling Kenyan shilling: Sh.So. shilling Somali shilling [24] USh: shilling Ugandan shilling: S/ sol Peruvian sol ⃀ сом som: som Kyrgyzstani som: Kyrgyz National Bank approved the underlined С (Cyrillic Es) as currency symbol (2017) [25] U+20C0 ⃀ SOM SIGN ৳ Tk: taka Bangladeshi Taka
A 1933 UK shilling 1956 Elizabeth II UK shilling showing English and Scottish reverses. The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 1960s ...
The East African shilling was launched at par with the shilling sterling at the value of half an Indian rupee. In 1959, as a measure to prevent gold smuggling, the Reserve Bank of India and the Indian government, in conjunction with the British authorities, replaced the Indian rupee in the Gulf States with the Gulf rupee at a 1:1 parity.
The East African shilling was the sterling unit of account in British-controlled areas of East Africa from 1921 until 1969. [2] It was issued 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 shilling was divided into 100 cents, and twenty shillings ...