UGX

Ugandan Shilling

UGX is the official currency of Uganda. It is issued by the Bank of Uganda.

The current shilling was introduced in 1987 at 100 old shillings = 1 new shilling after high inflation. Uganda was the first African country to introduce the SPARK optical security feature on regular banknotes to prevent counterfeiting. The shilling is generally stable in most financial transactions.

Related Terms

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United States Dollar

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KES

Kenyan Shilling

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TZS

Tanzanian Shilling

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RWF

Rwandan Franc

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Bank of Uganda

Bank of Uganda is Uganda's central bank. It sets monetary policy, issues the UGX, and supports finan...

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