East African Shilling


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East African Shilling

1. A currency used between 1921 and 1969 in the parts of East Africa controlled by the British. It was pegged to the British pound.

2. A proposed currency for the East African Community, which consists of Burundi, Kenya, Rwanda, Tanzania and Uganda. Circulation is expected to begin between 2012 and 2015.
References in periodicals archive ?
Ten years from now, a Burundian trader may borrow money in Rwanda, buy goods in Kenya and sell them in Uganda, all using the same currency--the East African shilling.
The East African shilling (the East African Community's (EAC) proposed currency) and the eco (the Economic Community of West African States' (ECOWAS) proposed currency) follow this path, with a few modifications.
I was eventually deported because the newly independent government refused to recognise the work permit I had bought for 50 East African Shillings from an understanding immigration officer when I landed.

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