Certainly! Here is the complete financial history report of Uganda, in International English, as previously provided:
Official country name: Republic of Uganda
Official languages: English and Swahili
Country ISO code: UG
Current official currency: Ugandan Shilling
Currency ISO code: UGX
ISO Code: UGX
Symbol: USh
Subdivision: 1 Shilling = 100 cents (cents no longer in practical use due to inflation)
Date of introduction: 1966 (replaced the East African Shilling)
Circulation period: 1966 to present (active)
Mint: Produced by various international mints; Uganda does not have a national mint.
Issuing bank: Bank of Uganda
Coin denominations: 50, 100, 200, 500, 1000 shillings (coins less commonly used due to inflation)
Banknote denominations: 1000, 2000, 5000, 10,000, 20,000, 50,000 shillings
Designs and symbols:
Banknotes feature prominent Ugandan leaders, cultural symbols, wildlife, and landmarks.
Coins depict national symbols such as the crested crane (national bird) and the coat of arms.
Status: Official and actively circulating currency.
Monetary legislation: Regulated by the Bank of Uganda under the Bank of Uganda Act and related financial regulations.
Curiosities:
Commemorative coins and banknotes celebrate national events and anniversaries.
Inflation and devaluation have phased out smaller denominations.
ISO Code: EAS (historical)
Circulation period: 1921 to 1966 (used in British East African territories including Uganda, Kenya, Tanzania)
Context: Replaced by the Ugandan Shilling after independence and monetary separation.
Status: No longer in circulation; collector’s item.
Uganda’s economy is diverse, including agriculture, mining, manufacturing, and services.
The Ugandan Shilling has experienced inflationary pressures, leading to issuance of higher denominations.
The Bank of Uganda manages monetary policy to control inflation, stabilize currency, and support growth.
Inflation rates have fluctuated but moderated recently.
Currency remains vulnerable to external shocks such as commodity price fluctuations and regional dynamics.
Currency | ISO Code | Symbol | Subdivision | Circulation Period | Issuing Bank | Main Denominations (coins/banknotes) | Current Status |
---|---|---|---|---|---|---|---|
Ugandan Shilling | UGX | USh | 1 Shilling = 100 cents | Since 1966 to present | Bank of Uganda | Coins: 50, 100, 200, 500, 1000 shillings Banknotes: 1000, 2000, 5000, 10,000, 20,000, 50,000 |
Active and official |
East African Shilling | EAS (historic) | - | 1 Shilling = 100 cents | 1921 to 1966 | East African Currency Board | Various coins and banknotes used in British East Africa | Out of circulation |
Banknotes bear signatures of the Governor of the Bank of Uganda and the Minister of Finance.
Commemorative issues mark independence anniversaries and other milestones.
Security features include watermarks, security threads, holograms, and color-shifting inks.
The Ugandan Shilling is the sole legal tender; foreign currencies are not officially accepted domestically.
Currency designs are periodically updated for security and durability.