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A proposal exists to introduce a common currency, a new East African shilling, for the five member states of the East African Community. Whilst originally scheduled to occur by the end of 2012, [5] as of March 2023, a common currency has still yet to be introduced.
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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. Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar ).
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 ...
RWF may refer to: Rainer Werner Fassbinder, German film director; Rassemblement Wallonie-France, a minor Belgian political party; Royal Welch Fusiliers, a British Army regiment; Rwandan franc, in ISO 4217 code, a currency; Royal Agricultural Winter Fair, Toronto, often abbreviated to Royal Winter Fair; Republic of West Florida, a short-lived ...
Illustration of Dominion of Canada $100 note, 1872, showing the old Centre Block of the Parliament of Canada. The history of Canadian currencies began with Indigenous peoples in Canada prior to European contact, when they used items such as wampum and furs for trading purposes. The Indigenous peoples continued to use those items as currency ...