The shilling is no longer in use in Britain. When it was in use, it was worth one-twentieth of a pound. Under the decimal system, that is equivalent to five pence. As of June 2014, five British pence is worth around 8.5 U.S. cents.
The phasing out of the British shilling began in 1971, with the introduction of a decimal system that divided the pound into 100 pence. The shilling is still a monetary unit in Kenya, as of 2014. One Kenyan shilling is worth just over 1 U.S. cent. As of 2014, the shilling is also in use in Somalia, Tanzania and Uganda.