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Uganda







Certainly! Here is the complete financial history report of Uganda, in International English, as previously provided:


Comprehensive Financial History Report of Uganda

Basic Information about Uganda

  • Official country name: Republic of Uganda

  • Official languages: English and Swahili

  • Country ISO code: UG

  • Current official currency: Ugandan Shilling

  • Currency ISO code: UGX


Monetary History of Uganda

Current Currency: Ugandan Shilling (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.

Previous Currency: East African Shilling

  • 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.


Economic and Monetary Context

  • 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.


Summary of Ugandan Currencies

CurrencyISO CodeSymbolSubdivisionCirculation PeriodIssuing BankMain 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
 

Additional Information

  • 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.


 



Fonte:

Autor do blog: Nilton Romani

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