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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
Some countries have not changed their currency despite being post-colonial, for example Uganda retains the Ugandan shilling. Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same.
The East African shilling was the sterling unit of account in British-controlled areas of East Africa from 1921 until 1969. [2] It was issued by the East African Currency Board. It is also the proposed name for a common currency that the East African Community plans to introduce. The shilling was divided into 100 cents, and twenty shillings ...
Ugandan shilling; Media in category "Currencies of Uganda" This category contains only the following file. U. File:UgandanShillings1000.jpg
The United States on Thursday imposed sanctions on Uganda's parliamentary speaker, her husband and several other officials over corruption and serious abuses of human rights. Parliament Speaker ...
An image used in this article, File:UgandanShillings20000.jpg, has been nominated for speedy deletion for the following reason: Wikipedia files with no non-free use rationale as of 24 May 2012
The Ugandan government downplayed the post, with a spokesperson describing Gen Kainerugaba's social media statements as "casual" remarks that should not be interpreted as reflecting official policy.
He devalued the Ugandan shilling by 100 percent, attempted to facilitate the export of cash crops, and postponed any plans he may once have entertained for re-establishing one-party rule. The continued sufferance of the DP, although much harried and abused by UPC stalwarts, became an important symbol to international donors.