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The Austrian crown, introduced for Austria in 1919 upon the dissolution of the Austro-Hungarian Empire. In mediaeval Austria, there were short and long schilling coins, valued at 12 and 30 pfennigs respectively. Until 1857, the schilling was a currency unit for 30 pfennigs or 7 + 1 ⁄ 2 kreuzers.
When the naira was introduced, it had an official exchange rate of US$1.52 for ₦1, though a currency black market existed in which the naira traded at a discount relative to the official exchange rate. The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar.
Austrian crown – Austria; ... Shilling. East African shilling – Kenya, Somalia, ... Trade dollar British trade dollar – Great Britain;
Currencies with an ISO 4217 code (like "USD "). The currency may be obsolete. The currency may be obsolete. For a list of the codes, see ISO 4217 § Active codes , § Historical codes .
In the 19th century, the term schilling was still the equivalent of 30 pfennigs or 7½ kreuzers in the dialects of Salzburg and Upper Austria. [ 7 ] From 1925 to 1938 and 1945 to 1998 the schilling was an accounting unit as well as a currency, but from 1999 until the introduction of the euro in 2002, the schilling was only a currency unit.
Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar). In some places there is a thriving street trade by unlicensed street traders in US dollars or other stable currencies, which are seen as a hedge against local inflation.
1 ringgit/dollar Obverse 1996 Hassanal Bolkiah: ... 50 shillings/shilingi Obverse 1966 ... Currency: Naira (since 1973)
The west African nation of Nigeria, the last on earth to use the non-decimal "£sd" system of "pounds, shillings and pence", introduced a new currency, the naira (₦) to replace the Nigerian pound that had been used since independence, at the rate of £1 = ₦2. Under the new decimal system, one naira was worth 100 kobo. [4] [5]