So, what in the world is the shilling and how much is one shilling in US dollars?
Chances are if you’re a history buff you’ve probably heard of the term “shilling“.
For those of us who are not history enthusiasts, and to make sure we’re on the same field, a shilling is essentially an old British Currency coin.
But, when it comes to older currencies like the shilling, does it still hold value in today’s world?
Keep reading to find out “How much is one shilling in US dollars?”
Also read: BRICS Developing Unified Financial System for Dollar-less Trade
How much is one shilling in US dollars?
So how much is one shilling in US dollars?
Based on the latest findings and exchange rates, one shilling is approximately .066041 US dollars (USD).
So, although you won’t find many shillings being used in today’s modern currency systems, it is still kind of neat to know that historically, they did have some value.
Also read: BRICS Developing Unified Financial System for Dollar-less Trade
Can you use shillings in England?
Unfortunately, no. The schilling was abolished from England back in 1980 and they were brought out of circulation in 1990.
Indeed, the shilling coin was superseded by the five-pence piece, which came into effect in 1971. The abolishment of the shilling was a direct result of the five-pence piece being reduced in size in 1991.
What country still uses the shilling?
Currently, the shilling is used in a couple of East African countries. This includes Uganda, Somalia, Kenya, and Tanzania.
Conclusion: How Much is One Shilling in US Dollars?
In conclusion, although the shilling does still hold some sort of USD value, it’s something that just you won’t see in our modern financial ecosystem.
Mostly because it’s been brought out of circulation.
We wouldn’t suggest going to your local supermarket and bringing the shilling as probably won’t accept it as a form of payment.