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The exchange rate of the Kenyan Shilling between 2003 and 2010 averaged about KSh74-78 per US Dollar. [67] The average inflation between 2005 and July 2015 was 8.5%. [68] In July 2015 Kenya's inflation rate was estimated to be 6.62%. [69]
The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...
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 ...
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
In 1965, the East African Currency Board was breaking up, and the South Arabian dinar replaced the shilling in the South Arabian Federation at a rate of 20 shillings to 1 dinar. [2] [6] The shilling was also used in parts of what is now Somalia, Ethiopia, and Eritrea when they were under British control. Before 1941, these areas, then known as ...
Indonesian rupiah (as sen; last coin minted was 50 cents in 1961, last cents printed as banknotes in 1964 which were demonetized in 1996 save for the 1 cent) Jamaican dollar, but there are no circulating coins with a value below one dollar. Kenyan shilling; Lesotho loti (as sente) Liberian dollar; Lithuanian litas (as centas)
The African Kingdoms lumi is Africa's new global currency with rapidly growing usage throughout continental Africa and the Sixth Region. In March 2024 the lumi (AKL) joined the basket of global currencies used for African developmental purposes when it was adopted as an official tender by the executive secretary of Water and Sanitation for Africa (WSA), a forty-seven (47) member states Pan ...
In 1949, the British government formalized the dollar system of accounts in British Guiana and the Eastern Caribbean territories by introducing the British West Indies dollar (BWI$) at the already existing conversion rate of $4.80 per pound sterling (or $1 = 4 shillings 2 pence). It was one of the many experimental political and economic ...