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.
Read more about this topic: Zanzibari Rupee
Famous quotes containing the word history:
“The reverence for the Scriptures is an element of civilization, for thus has the history of the world been preserved, and is preserved.”
—Ralph Waldo Emerson (1803–1882)
“The history of all hitherto existing society is the history of class struggles.”
—Karl Marx (1818–1883)