Uganda is a landlocked country located in the East-central of Africa. It shares the same Lake Victoria with Kenya and Tanzania. Kampala is the capital and the largest city of Uganda. The area of Uganda is about the size of the United Kingdom. Its official language is English and Swahili. Since 1894, Uganda has been a territory under the United Kingdom. However, in October 1962, Uganda was granted independence. Ugandan Shilling is the currency in Uganda.
The history of Uganda Shilling.
The first central Bank of Uganda (BoU) was introduced in 1966. At this point, the Uganda Shilling with the currency code UGX was created as the first official currency of Uganda, also it is a replacement for the East African shilling. The UGX had changed seven times as a result of various regimes since then. The denomination of UGX of banknotes is available at 1 000, 2 000, 5 000, 10 000, 20 000, and 50 000 shillings.
The president of Uganda Obote (1966-1971) was fired from the government, the general of Uganda Idi Amin seized the power of the country. He controlled Uganda as a dictator. Consequently, in 1973 the new banknote series of 50 shilling notes were added in the UGX denomination. Later, the portrait of Amin was attributed to all the banknotes.
In 1979, another government took over control of Amin. They replaced Amin’s image with the art of Uganda buildings on the front and an African woman who was harvesting at the reverse. All the denominations were kept.
From 1982 to 1983, a new series of banknotes was added which are 500 and 1 000 shillings. Featured with the portrait of President Milton Otobe.
In 1985, Otobe’s portrait was replaced with the National Emblem was featured inside the map of Uganda. 5 000 shilling notes were introduced.
In 1987, all the banknotes were completely changed. Because of the creation of coins, 5, 10, 20, 50, 100, 200, and 500 shilling notes were stopped. In 1995, the new shilling notes 20 000 were introduced. In 2001, new designs were added on 1 000 notes. As well as 5 000 notes 3 years later. In 2003, 50 000 shilling notes were in circulation.
On 17 May 2010, the new family of Uganda banknotes was introduced. Featuring a new Uganda with historical, agricultures, naturals, and colorfulness.