How much is one shilling in American money?


Quick Answer

The shilling is no longer in use in Britain. When it was in use, it was worth one-twentieth of a pound. Under the decimal system, that is equivalent to five pence. As of June 2014, five British pence is worth around 8.5 U.S. cents.

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How much is one shilling in American money?
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Full Answer

The phasing out of the British shilling began in 1971, with the introduction of a decimal system that divided the pound into 100 pence. The shilling is still a monetary unit in Kenya, as of 2014. One Kenyan shilling is worth just over 1 U.S. cent. As of 2014, the shilling is also in use in Somalia, Tanzania and Uganda.

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