79:
the
Italian lira, or a currency linked to the lira, it was decided to introduce a new currency. The new currency was denominated the ‘Somalo’ and it was authorized by the Trusteeship Administration's Ordinance No.14 of 16 May 1950. The Somalo was valued at 0.124414 grammes of fine gold and was, significantly, the same value as the East African shilling. By making the Somalo equivalent to the East African shilling, it was anticipated that the transition to the new currency would be as painless as possible.In adopting the value of the East African shilling, it was also decided to utilize the same denominations in which the East African shillings were issued, although not all denominations issued by the East African Currency Board were adopted for the new currency. Notes were prepared in the denominations of 1, 5, 10, 20 and 100 Somali. (‘Somali’ being the plural of ‘Somalo’.) Coins were prepared in denominations of 1 Somalo, 50, 10, 5 and 1 "Centesimi". The designs for the notes and coins were detailed in Ordinances No.15 of 18 May 1950 and No.44 of 22 July 1950.
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31:
300:
272:
78:
On 27 January 1950, Italy was given financial administration of the
Territory (of former Italian Somalia). As early as 1948 Italy had been considering the options for currencies in Somalia, in anticipation that the territory would be returned to its control. After rejecting the idea of re-introducing
85:
The "Somalo" was authorized by
Trusteeship Administration Ordinance No. 14 of 16 May 1950. A currency exchange was scheduled to last from 16 May until 22 July, but was eventually extended until 22 August. The somalo replaced the
147:, began operations 18 April 1950 and was authorized to issue 55 million shillings in paper money. It released notes in denominations of 1, 5, 10, 20 and 100 Somali on 22 May 1950. The banknotes were written in
123:. Names used for the denominations were cent (singular: centesimo; plural: centesimi) and سنت (plural: سنتيمات and سنتيما) together with shilling (singular: scellino; plural: scellini) and شلن.
131:
In 1950, coins were introduced in denominations of 1, 5, 10 and 50 centesimi and 1 somalo. The three lower denominations were minted in copper, with the higher two being struck in silver.
154:
A smaller version of the 5-Somali note was put into circulation in May 1951. These notes were withdrawn beginning 15 December 1962 and ceased to be legal tender on 31 December 1963.
402:
734:
465:
435:
119:
Following independence in 1960, the somalo of
Italian Somaliland and the East African shilling (which were equal in value) were replaced at par in 1962 by the
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724:
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340:
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30:
148:
739:
603:
517:
699:
108:
The Somalo/shilling was replaced at par on 15 December 1962 (along with the East
African shilling circulating in
101:
of 124.414 mg fine gold, equal to one shilling sterling. Internationally, this currency became known as the
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between 1950 and 1960. The "Somalo" remained officially in use in the newly created
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277:
247:. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications.
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17:
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the shilling was made the unit of account shortly after independence in 1960
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810:
669:
649:
380:
795:
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29:
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in circulation at 1 Somalo = L. 87.49. It was given an
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627:
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500:
458:
418:
141:Cassa per la Circolazione Monetaria della Somalia
735:Postage stamps and postal history of Oltre Giuba
436:List of governors-general of Italian East Africa
105:when Somalia became independent on 1 July 1960.
75:
533:Italian tentative to occupy French Somaliland
396:
218:Krause, Chester L.; Clifford Mishler (1991).
27:Currency of the Trust Territory of Somaliland
8:
730:Postage stamps and postal history of Eritrea
725:Postage stamps and postal history of Somalia
543:Italian guerrilla war in A.O.I. (1941–1943)
314:Somali coins from 1895 to 1962 (in Italian)
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389:
381:
441:Prince Luigi Amedeo, Duke of the Abruzzi
426:King & Emperor Vittorio Emanuele III
318:
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58:until 1962. It was subdivided into 100
791:Italian Somali Divisions (101 and 102)
574:Railway stations in Italian Somaliland
528:Italian invasion of British Somaliland
225:(18th ed.). Krause Publications.
786:Royal Corps of Somali Colonial Troops
347:
337:
321:
243:Standard Catalog of World Paper Money
7:
745:Roman Catholic Diocese of Mogadishu
46:, صومالي) was the currency of the
25:
90:at par and remained equal to it.
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298:
284:
270:
93:It replaced the small amount of
431:Prime Minister Benito Mussolini
221:Standard Catalog of World Coins
842:1950 establishments in Somalia
781:Royal Corps of Colonial Troops
680:Associazione Calcio Mogadiscio
594:Governor's Palace of Mogadishu
34:A 10 "Somali" banknote of 1950
1:
569:Mogadishu–Villabruzzi Railway
548:Trust Territory of Somaliland
341:Trust Territory of Somaliland
203:Somalo banknotes (in Italian)
48:Trust Territory of Somaliland
720:Banca per l'Africa Orientale
645:Villaggio Duca degli Abruzzi
640:Mogadishu under Italian rule
466:Italian Governors of Somalia
837:Economic history of Somalia
755:Italian language in Somalia
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832:Modern obsolete currencies
740:Catholic Church in Somalia
518:Second Italo-Ethiopian War
700:Italian East African lira
470:Main Colonial governors:
447:
170:Somalo coins (in Italian)
710:Italian Somaliland rupia
685:Faro Guardafui/F. Crispi
852:Italy–Somalia relations
705:Italian Somaliland lira
553:Italy–Somalia relations
192:History of the "Somalo"
847:1962 disestablishments
801:Italian African Police
609:Stadio Coni Mogadiscio
480:Cesare Maria De Vecchi
83:
35:
857:Currencies of Somalia
765:Royal Banana Monopoly
538:East African Campaign
326:East African shilling
240:Pick, Albert (1994).
88:East African shilling
33:
760:Sentinels of Bronze
750:Mogadishu Cathedral
695:Italian East Africa
665:Dam of Genale Doria
599:Porto di Mogadiscio
523:Somalia Governorate
151:and Arab language.
143:, headquartered in
116:(Somali shilling).
675:Mogadiscio circuit
604:Museo della Garesa
508:Italian Somaliland
476:Giacomo De Martino
472:Vincenzo Filonardi
412:Italian Somaliland
345:1950 – 1962
292:Numismatics portal
110:British Somaliland
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579:Linea dell'Impero
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16:(Redirected from
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628:Related articles
584:Petrella Airport
488:Rodolfo Graziani
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419:Main authorities
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245:: General Issues
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181:Somalia currency
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50:administered by
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635:Italian Somalis
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103:Somali shilling
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56:Somali Republic
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18:Somali somalo
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614:Saline Dante
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360:independence
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339:Currency of
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322:Preceded by:
278:Money portal
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211:Bibliography
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95:Italian lire
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81:Peter Symes.
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513:Oltre Giuba
223:: 1801–1991
64:(singular:
826:Categories
619:Lido Beach
232:0873411501
99:IMF parity
459:Governors
135:Banknotes
112:) by the
66:centesimo
61:centesimi
42:(plural:
670:Banaadir
655:Vittorio
114:scellino
358:Reason:
149:Italian
72:History
811:Zaptié
796:Dubats
715:Somalo
650:Genale
367:at par
365:Ratio:
334:at par
332:Ratio:
251:
229:
44:Somali
40:Somalo
806:Bands
372:Note:
158:Notes
127:Coins
52:Italy
249:ISBN
227:ISBN
145:Rome
139:The
38:The
68:).
828::
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404:e
397:t
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20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
