East African florin
In today's world, East African florin is a highly relevant topic that deserves to be analyzed from different perspectives. With the constant advancement of society and changes in people's way of life, it is essential to understand the importance and impact that East African florin has on our daily lives. Throughout history, East African florin has been the subject of debate and discussion, motivating researchers, experts and professionals to deepen its study to understand its implications in different aspects of life. For this reason, this article will address East African florin in detail, analyzing its causes, effects and possible solutions, with the aim of providing readers with a comprehensive vision of this topic that is so relevant today.
The Florin was the currency of the British colonies and protectorates of East Africa between 1920 and 1921. It was divided into 100 cents. It replaced the East African rupee at par, and was replaced in turn by the East African shilling at a rate of 2 shillings = 1 florin. The florin was equivalent to 2 shillings sterling.
Coins
Because of its short period in existence, few of the coins minted were actually issued and are consequently scarce today. Coins were minted in denominations of 1, 5, 10, 25 and 50 cents and 1 florin but, according to the "Standard Catalog of World Coins" (C. L. Krause & C. Mishler, Krause Publications), the 50 cents coins were not released for circulation and only 30% of the 1, 5 and 10 cent coins produced were issued for circulation.
Banknotes
The East African Currency Board issued notes in denominations of 1, 5, 10, 20, 50, 100 and 500 florins, with the notes valued at 10 florins and above also carrying the denomination in pounds (1, 2, 5, 10 and 50).
References
- Global Financial Data currency histories table
- Tables of modern monetary history: Kenya
- Tables of modern monetary history: Tanzania
- Tables of modern monetary history: Uganda
| Preceded by: East African rupee Ratio: at par |
Currency of East Africa (Kenya, Tanganyika, Uganda) July 31, 1920 – December 31, 1921 |
Succeeded by: East African shilling Ratio: 2 shillings = 1 florin = 2 British shillings |
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