Changes

A '''shilling''' was a coin and unit of currency equal to 1/20 of a [[pound]]. It consisted of 12 [[pence]], (in the UK, equivalent to 5 [[new pence]]).  It is an historic part of the currency of the [[United Kingdom]] and [[Australia]].

A '''shilling''' was a coin and unit of currency equal to 1/20 of a [[pound]]. It consisted of 12 [[pence]], (in the UK, equivalent to 5 [[new pence]]).  It is an historic part of the currency of the [[United Kingdom]] and [[Australia]].

The shilling ceased to exist in both countries when they decimalised, in 1971 and 1966 respectively. 240 old pence became 100 new pence in the pound, the pound remained the same, while the shilling disappeared altogether. However, many people continued to use the term shilling instead of five new pence for many years and even today it is sometimes heard referred to by older generations.

The shilling ceased to exist in both countries when they decimalised, in 1971 and 1966 respectively.

 

In the UK, 240 old pence became 100 new pence in the pound, the pound remained the same, while the shilling disappeared altogether. However, many people continued to use the term shilling instead of five new pence for many years and even today it is sometimes heard referred to by older generations.

 

In Australia, the currency was replaced by the Australian dollar divided into 100 cents.

Other countries, having once been a part of the [[British Empire]], still use shillings as a currency.  Among these are [[Kenya]], [[Uganda]], and [[Tanzania]].

Other countries, having once been a part of the [[British Empire]], still use shillings as a currency.  Among these are [[Kenya]], [[Uganda]], and [[Tanzania]].

[[Category:Coins]]

[[Category:Coins]]