Showing posts from January, 2021

What is the currency of Uganda?

What is the currency of Uganda?  Uganda’s currency structure consists of banknotes and coins.  The Uganda shilling is the official   currency for Uganda  (sign: USh; Code UGX). It cannot be purchased outside the country. It is a free-floating currency. US dollars are the most useful hard currency, especially in small towns, though euros and pounds sterling are also widely accepted. You can exchange your foreign currency for the local currency at the Entebbe International Airport or in Kampala through their foreign exchange bureaus. History of Uganda Currency Did you know that the currency of Uganda has changed 7 times in the last 50 years? Following the independence of Uganda from Britain on 9 October 1962 and the consequential dissolution of the Eastern African Currency Board in 1966, the  Bank of Uganda  introduced its first banknotes of; 5, 10, 20 shillings, and 100 shillings as well as; Coins of 5 cents, 10 cents, 20 cents, 50 cents, 1 shilling, and 2 shill