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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.
RWF FRw Rwanda: São Tomé and Príncipe dobra: STN Db Sao Tome and Principe: Seychellois rupee: SCR Re (singular) Rs (plural) Seychelles: Sierra Leonean leone: SLL Le Sierra Leone: Somali shilling: SOS Sh.So. Somalia: South African rand: ZAR R South Africa: South Sudanese pound: SSP £ South Sudan: Sudanese pound: SDG LS or ج.س Sudan: Swazi ...
South Korea Moldova New Zealand Paraguay Peru Seychelles Sri Lanka South Africa Thailand Turkey Uganda Ukraine Uruguay Malaysia Mauritius Pakistan ; Free floating (33) Australia Canada Chile Czech Republic Japan Mexico
In 1923, South Africa began to issue its own coins, adopting coins that were identical in size and value to those used in Great Britain: 12 pence (12d) = 1 shilling (1s), and 20s = 1 pound (£1). On 14 February 1961, the Union of South Africa adopted a decimal currency, replacing the pound with the Rand.
The postal notes and postal orders of the other three entities were also allowed to be paid in the Orange Free State under the terms of the South African Postal Union Convention (which came into effect on 1 January 1898), but the postal notes and the postal orders had to be repatriated back to the issuing entity after being cashed.
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 ...
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 rand was introduced in the then Union of South Africa on 14 February 1961, shortly before the establishment of the Republic on 31 May 1961. The rand replaced the pound with a decimal currency: 100 cents (100c) = 1 rand (R1), 1 rand being valued at 10 shillings and 1 cent at 1.2 pence.