Italian Somaliland Rupia - History

History

The rupia was introduced between 1909 and 1910. First, bronze coins denominated in besa were introduced, followed by silver coins denominated in rupia in 1910. The rupia replaced several currencies, including the Maria Theresa thaler and the Indian rupee, to which it was equal. The rupia was replaced by the Italian Somaliland lira during a transition period between July 1, 1925, and June 30, 1926, at a rate of 8 lire = 1 rupia.

Since the rupia's replacement, several currencies have circulated in what was Italian Somaliland, including the Italian East African lira, the East African shilling, the Italian Somaliland somalo and the Somali shilling.

Read more about this topic:  Italian Somaliland Rupia

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