shilling


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Related to shilling: British currency

shilling

1. a former British and Australian silver or cupronickel coin worth one twentieth of a pound: not minted in Britain since 1970
2. the standard monetary unit of Kenya, Somalia, Tanzania, and Uganda: divided into 100 cents
3. an old monetary unit of the US varying in value in different states
4. Scot an indication of the strength and character of a beer, referring to the price after duty that was formerly paid per barrel

Shilling

 

(1) A British coin and monetary unit in use until the decimal monetary system was introduced in February 1971; equal to 12 pence, or 1/20 pound sterling. Shillings were minted in silver until 1946 and in a copper-nickel alloy until 1971. They circulated in British colonies and in the countries of the Commonwealth, including Australia, New Zealand, and Ireland, where they constituted 1/20 of the local monetary unit.

(2) The monetary unit of Kenya, Tanzania, and Uganda since 1966 and of Somalia since 1960; equal to 100 cents. According to the rate of exchange set by the State Bank of the USSR in January 1978,100 Somalian shillings = 11.37 rubles.

References in periodicals archive ?
On the other hand, the East African nation's commercial banks placed the shilling at between 101.
The shilling has been an alpha SSA currency in a world of high beta for quite a while now.
Shilling won't get any more specific than that but "extremely high" is even more dramatic than the "unusually-large cash positions" he was recommending in September when the Dow was 3% higher and the 10-year Treasury yield was two basis points lower than they are today.
Shilling was handed a sentence of 30 years in jail, plus five years on extended licence, while Defraine was given 27 years in jail, plus five years on extended licence.
His great, great, great, great grandfather was a master 18th century forger, HANGED for making a mint out of dud shillings.
Shilling, 23, of Swanley, and Michael Defraine, 30, of Bexleyheath, both Kent, were yesterday found guilty of gun smuggling and possessing firearms after a trial held amid unprecedented security.
The elections this month are exacerbating the fragility of the economy, which is suffering from the effects of the continuing decline in the value of the Uganda shilling.
The Bank of Uganda has also blamed the fall in the value of the shilling on the global economic downturn, which has led to a decline in the demand for Ugandan exports.
a " The adverts reflected the approaching festive season, with Laws stores plugging 1lb tins of Plumrose ham for eight shillings and six, and mincemeat at one shilling a jar.
Hot on the heels of last month's item about engineers enjoying a tipple or two [shurely shome mishtake--Eye Ed] comes a suggestion from reader Stan Gray about another hostelry to visit: the Tilly Shilling in Farnborough, which celebrates Beatrice Shilling.
Global Banking News-June 24, 2014--Central bank comments reduce value of Ugandan shilling