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 ?
A pound note was also known as a quid and a ten shilling note as half a sheet or half a bar, and no, I don't know why.
On Tuesday, the shilling touched an eight-month low of 103 units to the dollar on the back of high dollar demand partly driven by the high liquidity.
Last year, the IMF reclassified the shilling from 'floating' to 'other managed arrangement' to reflect the currency's limited movement due to periodic central bank interventions.
Deer heads which adorned the walls of the hotel were purchased for 20 shilling each and"sporting prints"cost purchasers PS30 shillings each.
Although a few terms from the old system survived - "bob" (originally "bobstick", "shilling"), and "nicker", "pound" (origin unknown) - decimalisation finally did for terms like "fudge", "brown" and "mopus" (a "farthing" or "quarter-penny").
Investment advisor and economist Gary Shilling is worried about the global economy and financial markets.
Initially levied at 1d per square yard, it was increased to 1 shilling. People evaded it by buying plain paper and paying a local artist to cut and apply stencils.
Harry Shilling bragged "we now officially gangsters" after 22 assault rifles and nine Skorpion sub-machine guns from eastern Europe sailed up the River Medway from Boulogne in France.
He included cousin Josiah Wilkes in the enterprise and during a clandestine meeting at The Leopard pub, Bolton handed over two shilling dies and 30lbs of blanks.
Summary: The weak shilling, rising taxes and the power deficit may mean challenging times for Uganda.
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.
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.