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The shilling (Swahili: shilingi; abbreviation: USh; ISO code: UGX) is the currency of Uganda. Officially divided into cents until 2013, due to substantial inflation the shilling now has no subdivision.
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
This page was last edited on 17 December 2024, at 09:35 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
African currency was originally formed from basic items, materials, animals and even people available in the locality to create a medium of exchange.This started to change from the 17th century onwards, as European colonial powers introduced their own monetary system into the countries they invaded.
As of June 2023, BOA Uganda was a medium-sized financial services provider, with total assets of UGX:1,100 billion (approximately US$285.5 million), with shareholders' equity of UGX:177.688 billion (approximately US$46.11 million). [1]
The Ugandan Bureau of Statistics announced inflation was 4.6 percent in November 2016. [150] On 29 June 2018, Uganda's statistics agency said the country registered a drop in inflation to 3.4 percent in the financial year ending 2017/18 compared to the 5.7 percent recorded in the financial year 2016/17. [151]
SBU is the largest commercial bank in the country, by assets. [5] [6] [7] [8] As of 31 December 2023, the bank's total assets were valued at USh9.303 trillion (US$2. ...
Foreign investments in Kenya remain relatively weak considering the size of its economy and its level of development. As of 2022, Kenya's total FDI stock stood at USD 10.4 billion, accounting for a mere 9.5% of the country’s GDP. [89] Investments come from China, Japan, Russia, the United States, and the United Kingdom, among others.