How Much Is One Shilling in American Money?

The shilling is no longer used in Britain, however Kenya, Somalia, Tanzania, and Uganda continue to use the term for their own currency. Currently, one shilling from each of these countries is worth less than one cent in U.S. dollars.

In 1971, with the adoption of a decimal system that divided the pound into 100 pence, the British shilling began to be phased out. During its use, it was worth one-twentieth of a pound. According to the decimal system, that is equal to five pence. Currently, five British pence is equivalent to around six U.S. cents.

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