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The first Ugandan shilling (UGS) replaced the East African shilling in 1966 at par. Following high inflation, a new shilling (UGX) was introduced in 1987 worth 100 old shillings. The shilling is usually a stable currency and predominates in most financial transactions in Uganda, which has a very efficient foreign exchange market with
United States dollar $ USD Cent: 100 Tuvalu: Tuvaluan dollar $ (none) Cent: 100 Australian dollar $ AUD Cent: 100 Uganda: Ugandan shilling: Sh or Shs (pl.) UGX (none) (none) Ukraine: Ukrainian hryvnia ₴ UAH Kopeck: 100 United Arab Emirates: United Arab Emirates dirham: Dh or Dhs (pl.) AED Fils: 100 United Kingdom: Sterling £ GBP Penny: 100 ...
The Uganda Bureau of Statistics reported, when looking at the urban workforce in 2015, 88.6% of women were employed informally, and 84.2% of men were. [47] Women are unable to enter into certain sectors, especially in the formal economy, due to the inability to provide substantial initial funding, and remain in the trade and service sectors of ...
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The top five banks held a combined market share of 57.54 percent of total national banking assets. [27] As of 30 June 2023, as reported by the Daily Monitor, total banking assets in Uganda were USh48.3 trillion (approx. US$12.9 billion). [28]
This modest rate of growth increased in 1988, when GDP expansion measured 7.2 percent, with substantial improvements in the manufacturing sector. [6] In 1989 falling world market prices for coffee reduced growth to 6.6 percent, and a further decline to 3.4 percent growth occurred in 1990, in part because of drought, low coffee prices, and a ...