Zanzibari rupee

The rupee () was the currency of Zanzibar from 1908 to December 31, 1935. It was subdivided into 100 cents (Arabic: سنت).

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.

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.

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.

References

External links

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