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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
Uganda: Ugandan shilling: Sh or Shs (pl.) ... (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket ...
The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...
Ugandan shilling – Uganda; ... List of countries by exchange rate regime; List of central banks; ISO 4217 This page was last edited on 28 December 2024, at ...
Exchange rate (old units per €) Year Belgium Belgian franc: 40.3399 1999 ... First Ugandan shilling: 1987 Uganda Inflation Lithuanian litas: 100∶1. Talonas: 1993
The board of directors of the Bank of Uganda is the bank's supreme policy making body. It is chaired by the governor or, in his or her absence, by the deputy governor. The duties and powers of the board are specified by the Bank of Uganda Act. This Act makes the board responsible for the general management of the affairs of the bank. The board formulates policy and ensures
Ugandan shilling; Media in category "Currencies of Uganda" This category contains only the following file. U. File:UgandanShillings1000.jpg
The East African shilling was introduced to Kenya, Tanganyika, and Uganda in 1921, replacing the short-lived East African florin at a rate of 2 shillings to 1 florin. The florin had been introduced because of increasing silver prices after World War I .