![]() This currency had coins of 5 cents, 1 shilling, and 2 shillings. New currency with a completely different design was introduced. A new Banknote of 5000 was also introduced.Ī new government came in place in 1986. In 1985/86, another issue of currency was made, and President Obote’s portrait replaced with the National Emblem in the middle of the Map of Uganda. In 1983, the denominations of 5 Shillings notes were introduced, and had a portrait of President Milton Obote.Ī new government came in power in 1985. In 1982 new currency were issued out and same denominations were maintained. While it maintained the same denominations, President Amin’s portrait was replaced with an artist impression of the Bank of Uganda building.Ī new government came in place in 1981. In 1979, a new government came in place and made slight changes to the currency. A portrait of President Idi Amin was then introduced on the Banknotes. The denominations of the 1966 Issue were maintained, and a 50-shilling note was also issued. The 1987 issue has undergone a series of upgrading, though not because of political factors but in an effort to crack down counterfeits and ease transactions as well.ĥ cents, 10 cents, 20 cents, 50 cents, 1 shilling, 2 shilling.ĥ shillings, 10 shillings, 20 shillings, and 100 shillingsĪ new government took over in 1971 And in 1973, changes were made to the Banknotes. The 1966, 1973, 1979, 19 issues as a result of regime changes. Uganda Currency has changed seven times since 1966. In 1966 the BoU Act created the Bank of Uganda and started issuing Uganda’s first currency. It is important for the public to be aware of the security features incorporated in genuine banknotes and to distinguish between genuine Ugandan banknotes and counterfeit notes.īefore 1966 the function of managing monetary affairs of Uganda was vested in the East African Currency Board. The following denominations are currently in circulation: The currency structure of Uganda consists of banknotes and coins and is denoted in Uganda Shilling (UGX). ![]() The branches of the Bank, the Ugandan Police Services and the commercial banks all work together in combating the counterfeiting of banknotes and coins. The potential supply of banknotes and coins to the public however, is limited by banks to the extent that the public is only permitted to withdraw cash held as deposits or draw cash against pre-arranged credit facilities. It makes virtually no difference from the Bank's broad monetary policy perspective whether the public holds cash, demand deposits at banks. The Bank is responsible for the bulk distribution of banknotes and coin and to meet the public demand. Bank of Uganda has the sole right to print/mint, issue and destroy banknotes and coins in Uganda.
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