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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 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 .
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.
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 ...
Best Rates Forex Bureau - 36-38 Ntinda Road, Kampala; Biashara Forex Bureau - 12 Johnstone Street, Kampala; Bicco Forex Bureau 1 - 1 Colville Street, Kampala; Bicco Forex Bureau 2 - Ediruma Building, 67 Main Street, Jinja; Big Bills Forex Bureau - The Prism Building, Ground Floor, Room A-O9, 71-73 Kampala Road, Kampala
Tanzanian shilling: Bank of Tanzania Tunisia: Tunisian dinar: Central Bank of Tunisia Uganda: Ugandan shilling: Bank of Uganda Zambia: Zambian kwacha: Bank of Zambia Zimbabwe: Various (including South African rand, Botswana pula, pound sterling, Indian rupee, euro, Japanese yen, Australian dollar, United States dollar and the Chinese yuan)
Pound. Biafran pound; British West African pound – Cameroon ... Somalia, Tanzania and Uganda; Shilling – Kenya, Somalia, Tanzania and Uganda; Syli – Guinea ...
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 United States: United States dollar $ USD Cent [A] 100 Uruguay: Uruguayan peso $ UYU Centésimo: 100 Uzbekistan ...