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The East African shilling was the sterling unit of account in British -controlled areas of East Africa from 1921 until 1969. [1] It was issued by the East African Currency Board. It is also the proposed name for a common currency that the East African Community plans to introduce. The shilling was divided into 100 cents, and twenty shillings ...
The paper changed its name to The Standard in 1977 but the name East African Standard was revived later. It was sold to Kenyan investors in 1995. In 2004 the name was changed back to The Standard. It is the main rival to Kenya's largest newspaper, the Daily Nation. In 1989, at a time when Kenya was going into multi-party era, the Standard Group ...
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East African florin. The Florin was the currency of the British colonies and protectorates of East Africa between 1920 and 1921. It was divided into 100 cents. It replaced the East African rupee at par, and was replaced in turn by the East African shilling at a rate of 2 shillings = 1 florin. The florin was equivalent to 2 shillings sterling .
P35. Blue-black on yellow and orange underprinting. March 31, 1953 – February 1, 1956. 100 shillings. 5 pounds. P36. Blue-black on green and lilac underprinting. For table standards, see the banknote specification table.
The Italian East African lira was seen as a possible bribery, and it was immediately replaced by the East African shilling in 1941, when the United Kingdom gained control of Italy's colonies, at the rate of 1 shilling = 24 lire. The banknotes retired by the British government were later used by the British Army when it occupied Italy between ...
On 16 January 1972, the Tanganyikan African National Union (TANU), the ruling party, decided to end the rivalry between the papers and forced a merger. The new paper, Daily News was first published on 26 April 1972. The company which publishes the newspaper retained the name "Standard" and is still known as Tanzania Standard (Newspapers) Limited.
The East African shilling was launched on par with the shilling sterling at the value of half an Indian rupee. In 1959, as a measure to prevent gold smuggling, the Reserve Bank of India and the Indian government, in conjunction with the British authorities, replaced Indian rupee in the Gulf States with the Gulf rupee at a 1:1 parity.
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