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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
Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar). In some places there is a thriving street trade by unlicensed street traders in US dollars or other stable currencies, which are seen as a hedge against local inflation. The exchange rate is ...
During this period, the Ugandan economy experienced economic transformation: the share of agriculture value added in GDP declined from 56% in 1990 to 24% in 2015; the share of industry grew from 11% to 20% (with manufacturing increasing at a slower pace, from 6% to 9% of GDP); and the share of services went from 32% to 55%.
East African shilling 1 cent and 10 cent coins (1952) 1925 East African shilling, obverse 1925 East African shilling, reverse. The East African Currency Board (EACB) was established in 1919 to supply and oversee the currency of British colonies in British East Africa.
This is a timeline of History of Uganda. Each article deals with events in Uganda in a given year. Pre-1962. Pre-1962; Twentieth century. 1990s 1990 1991 1992
In 1921, notes were issued by the East African Currency Board in denominations of 5/-, 10/-, 20/-, 100/-, 200/-, 1,000/- and 10,000/-, with the notes of 20 shillings and above having their denominations expressed also in pounds (£1, £5, £10, £50 and £500). In 1943, 1/- notes were issued, the only occasion that such notes were produced ...
Hong Kong with a 10 Dollar coin in 1993; Finland in 1993 with the 10 Markaa coin, Australia with commemorative 5, 10, 20, 25, 50, 75, and 100 Dollar coins, the 5 Dollar being the first in 1994; Argentina with the 1 Peso coin in 1994, Kenya with the 10 Shillings in 1994; Cape Verde with a 100 Escudo coin in 1994, a 250 Escudos in 2013 and a 200 ...
Uganda is a member of the East African Community and a potential member of the planned East African Federation. Uganda has a large diaspora, residing mainly in the United States and the United Kingdom. This diaspora has contributed enormously to Uganda's economic growth through remittances and other investments (especially property).