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B.M. Forex Bureau - Uganda House, 8-10 Kampala Road, Kampala; Bakaal Express Money Transfer Services Limited 1A - Tropical Complex, 82 Ben Kiwanuka Street, Kampala; Bakaal Express Money Transfer Services Limited 1B - 11 Malinga Road, Mengo, Kisenyi, Kampala. Best Forex Bureau - Shops 1&2, 3 William Street, Kampala
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 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
In 1947, the word shilling appeared for the first time on the 9 piastre and 18 piastre coins, but then in 1955, Cyprus adopted a decimal system, with 1,000 Mils in a pound. When the UK floated the pound sterling on 23 June 1972, some twelve years after Cyprus had obtained independence, the Cypriot pound began to diverge from the 1:1 parity it ...
The East African Currency Board (EACB) was established in 1919 to supply and oversee the currency of British colonies in British East Africa. It was established after Britain took control of mainland Tanzania from Germany at the end of World War I, and originally oversaw the territories of Uganda , Kenya , and Tanzania (excluding Zanzibar ).
A 1933 UK shilling 1956 Elizabeth II UK shilling showing English and Scottish reverses. The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 1960s ...
Unlike elsewhere in the possessions of the British Empire that used the sterling, in British East Africa the shilling instead of the pound was the primary unit of account, with the pound being a superunit mainly used for recording government and business transactions whose totals would be needlessly large if quoted solely in shillings.
Ugandan shilling; Media in category "Currencies of Uganda" This category contains only the following file. U. File:UgandanShillings1000.jpg