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.
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.
In 1908, banknotes were introduced by the government of Zanzibar in denominations of 5, 10, 20, and 100 rupees. 50- and 500-rupee notes were added in 1916, and 1-rupee notes were issued in 1920. All Zanizbar notes were withdrawn in 1936. All of these notes are very rare and valuable.
- Linzmayer, Owen (2012). "Zanzibar". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
Indian rupee and Zanzibari riyal
Ratio: at par with Indian rupee, and 2⅛ rupees = 1 riyal
|Currency of Zanzibar
1908 – December 31, 1935
Concurrent with: East African rupee until 1920, East African florin 1920-1921 and East African shilling starting 1922. The Indian rupee and Maria Theresa thaler were also in use during this period
East African shilling
Ratio: 1½ East African shillings = 1 Zanzibari rupee = 1 Indian rupee = 1½ British shillings