Although the shilling is no longer in use in Britain, it is still referred to as such in Kenya, Somalia, Tanzania, and Uganda. Each of these nations’ shillings is currently worth less than a cent in American dollars.
The British shilling was gradually phased out once the decimal system, which divided the pound into 100 pence, was adopted in 1971.
It was worth a twentieth of a pound when it was in use. That is comparable to five pence in decimal form. Five British pence are currently equivalent to about six American cents.