Uganda Currency

Uganda has been through a lot of difficult times due to instability in the Uganda government. One of the biggest reasons you need to know about Uganda currency is that it can help you understand the phases Uganda has been through. So, without making you wait any longer, we are going to get right into Uganda currency and its history.

Information About Uganda Currency

The Uganda currency is Uganda shilling which is not divided further. Before 2013 Ugandan shilling used to be further divided into cents. The history of Uganda currency goes back to 1966 when the first shilling was introduced. In 1987 the second shilling was introduced due to high inflation of first shilling. Most of the transactions related to Uganda are done in shillings. The Uganda currency went through great inflation rates in the early periods but now it can be considered stable not to the extent of USD or Euros but relatively. The first note for Ugandan shilling was introduced back in 1966 with the coins but the notes were introduced in very small denominations after which the need of new notes of higher denominations was felt. Then in 1987, the notes of denominations up to 200 shillings were introduced.

Uganda Currency To USD & PKR

Uganda currency has been growing ever since but has not reached its true potential. The Uganda currency rate is ever fluctuating but as of right now 1 Ugandan shilling is equal to 0.035 Pakistani Rupee and 1 Ugandan shilling is equivalent to 0.00027 United States Dollars. We tend to keep you updated with the recent Ugandan shilling rates.

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