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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
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.
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 Observer (Uganda) [5] Kampala: 2004 Observer Media Limited English: Website: East African Business Week: Kampala: 2005 East African Business Week Limited English: Website: The Independent (Uganda) Kampala: 2007 English: Website: Rolling Stone (Uganda) Kampala: 2010 Ceased publication November 2010 The Rwenzori Times: Kasese: 2015 Rwenzori ...
Uganda's constitutional court is due on Wednesday to deliver a verdict on a petition seeking to annul the country's tough Anti-Homosexuality Act (AHA), a lawyer for the petitioners said on Tuesday.
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 ...
In 2017, the group's accountant was sentenced to five years in prison for embezzling 262 million shillings from the group from 2008 to 2013. [9] In May 2020, in the outburst of the COVID-19 pandemic in Uganda, the New Vision Group sent dozens of employees on forced leave without pay, twelve days after it had announced major salary cuts. [10]
Police in Uganda arrested 104 people during anti-corruption protests this week and almost all of them have been charged with public order offences, a police statement said late on Friday.