East African shilling

Unlike elsewhere in the possessions of the British Empire that used the sterling, in British East Africa the shilling instead of the pound was the primary unit of account, with the pound being a superunit mainly used for recording government and business transactions whose totals would be needlessly large if quoted solely in shillings.

[3][4][5] In 1951, the East African shilling replaced the Indian rupee in the Aden colony and protectorate, which became the South Arabian Federation in 1963.

Italian Somaliland was returned to Italy in 1949 as a UN Trusteeship and soon switched to the somalo, which was at par with the shilling.

[7] Ethiopia regained independence in 1941, with British support, and began using the East African shilling.

Maria Theresa thalers, Indian rupees, and Egyptian pounds were also legal tender at the beginning of this time, and it is unclear exactly when this status ended.

[8] Eritrea was captured from the Italians in 1941, and began using the East African shilling, as well as the Egyptian pound.

[9] It has been rumoured that the East African Shilling will be revived by the East African Community, which consists of Kenya, Tanzania, Uganda, Rwanda, Burundi, South Sudan, the Democratic Republic of the Congo, and Somalia, as part of the community's monetary union.

[citation needed] The monetary union's target date has been set to 2031 following delays caused in part due to the Covid-19 Pandemic and the admission of new member states, including the DRC and Somalia.