Zanzibari rupee
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The rupee (Arabic: روپيه) was the currency of Zanzibar from 1908 to December 31, 1935. It was subdivided into 100 cents (Arabic: سنت).
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[edit] History
The rupee replaced the Zanzibari ryal at a rate of 2⅛ rupees = 1 ryal and was equivalent to the Indian rupee, which was also in circulation. The Zanzibari rupee remained equal to the Indian rupee and was replaced on January 1, 1936, by the East African shilling at the rate of 1½ East African shillings = 1 Zanzibari rupee.
[edit] Coins
Bronze coins were introduced in 1908 in denominations of 1 and 10 cents, together with nickel 20 cents. No further issues of coins were made.
[edit] Banknotes
In 1908, banknotes were introduced by the government of Zanzibar in denominations of 5, 10, 20, 50, 100 and 500 rupees, with 1 rupee notes added in 1920. Notes were issued until 1928. All of these notes are very rare today. The Standard Catalog of World Paper Money reports that the Spink auction house sold a 1916 100 rupee note in fine to very fine condition for U.S. $7360. [1]
[edit] References
- ^ Pick, Albert (1996). Standard Catalog of World Paper Money: General Issues to 1960, Colin R. Bruce II and Neil Shafer (editors), 8th ed., Krause Publications. ISBN 0-87341-469-1.
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
[edit] External links
- Ron Wise's World Paper Money - Zanzibar Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Tanzania Mirror site
- The Global History of Currencies - Tanzania
- Global Financial Data currency histories table (
Microsoft Excel format) - History of Zanzibar
| Preceded by: Indian rupee and Zanzibari riyal Ratio: at par with Indian rupee, and 2⅛ rupees = 1 riyal |
Currency of Zanzibar 1908 – December 31, 1935 Concurrent with: East African rupee until 1920, East African florin 1920-1921 and East African shilling starting 1922. The Indian rupee and Maria Theresa thaler were also in use during this period |
Succeeded by: East African shilling Ratio: 1½ East African shillings = 1 Zanzibari rupee = 1 Indian rupee = 1½ British shillings |
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