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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 ...
As of 2017, Uganda had about 130,000 kilometres (80,778 mi) of roads, with approximately 5,300 kilometres (3,293 mi) (4 percent) paved. [31] Most paved roads radiate from Kampala, the country's capital and largest city. [32] As of 2017, Uganda's metre gauge railway network measures about 1,250 kilometres (777 mi) in length.
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The per capita income in Uganda in 1999 was approximately US$650 annually. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. [1] [2] Compiled here is a list of individuals in Uganda whose accumulated assets are known to be markedly
He was accused of defrauding the bank of 25 million Uganda shillings after the money was discovered missing from the bank's treasury. [ 6 ] [ 7 ] Ocan denied the allegation, stating that the bank was defrauded when a customer brought in fake dollar bills for exchange which he accepted without discovering it.
Trump's picks to lead four federal agencies testified without the flashes of anger that marked Pete Hegseth and Pam Bondi's earlier showdowns.