Uganda Currency Info and Tips on obtaining good business travel Forex Rates.
| The Uganda Currency in use is the shilling. As a Business Traveler your main concern is to know how you can obtain the Foreign Currency at a good rate to ease your business Transactions while in Uganda. |
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Currency Converter by OANDA |
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The Uganda Shilling is freely convertible to any foreign currency and vice verse because the country’s economic policy for current and capital accounts is fully liberalized. On this page you will find information about the available Uganda Currency Denominations in Circulation and how you can detect Counterfeit Notes, history of the Uganda Shilling, Major international currencies available on the Uganda Foreign Exchange Market and where you can exchange your foreign currency for Uganda Shillings. We have also included invaluable tools to help you convert your currency into Uganda Shillings so that you can budget and plan more accurately for your business trip to Africa as well as help you negotiate good rates for your Foreign Exchange Transactions. |
History of the Uganda Currency
Advanced Uganda Currency Converters
Foreign Currencies in Uganda
Some currencies are more common than others with the Uganda Foreign Exchange Market.
Common International Currencies quoted on the Uganda Foreign Exchange Market include:
- US Dollars
- Euros
- British Pound
- Japanese Yen
- Swiss Franc
- Danish Krone
- Norwegian Krone
- Swedish Krone
- Australian Dollar
- Canadian Dollar
- COMESA DOllar
- South African Rand
East African Currencies Commonly Quoted on the Uganda Foreign Exchange Market
- Kenya Shilling
- Tanzanian Shillings
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Tip: If your currency is not among these common Currencies listed on the Uganda Foreign Exchange Market, you will save a lot of your money by first converting your local currency money into one of 3 Major Currencies, US Dollars , Euros or the British Pound, before you travel to Uganda. |
Where to buy Uganda Currency
There are five (5) common ways you can buy Uganda Currency
Directly from Uganda Forex Bureaus:
Directly from Uganda Commercial Banks
Using Uganda Money Transfer Service Organizations ( MoneyGram , Western Union )
From Bank of Uganda
Although Bank of Uganda No longer sells Foreign Currency for Uganda Shillings. You can still walk into the Bank of Uganda counters and purchase Uganda Shilling for Memorial Purposes. Including Uganda shilling Coins and Notes that are no longer legal tender as well as commemorable coins and notes.
In the Bank of Uganda Banking Hall you will have access to the Uganda Currency Museum where all the Uganda Currencies that have ever been issued are displayed.
Using your Credit Card.
| Tip: Airport and Hotel forex bureaus usually have the relatively poor Exchange rates and you need to utilize them for just small transactions. |
Uganda Currency Denominations
The currency used in Uganda is the shilling.
Section 161 (1) of the Bank of Uganda Act (1993) mandates Bank of Uganda as the only authority mandated to issue Ugandan currency banknotes and coins as legal tender.
Since its establishment in 1966, the Bank of Uganda has produced various issues of notes and coins ..more
Denominations
The currency now in circulation was issued in 1987. It had the following denominations:
Notes of 5000,1000, 500,100,50,20,10 and 5 shillings and coins of 5 cents, 1 shilling and 2 shillings.
Demonetization of some notes
On December 31, 2000, notes of Uganda Shilling 5, 10, 20, 50, 100, 200 and 500 were demonetized and ceased to be legal tender.
They were replaced with coins of 5, 10, 20, 50, 100, 200 and 500 shillings.
New notes
In addition to the notes of 1000 and 5000 the following changes have been effected by the Bank of Uganda:
- 1995 - a note of 10,000 was introduced.
- 1999 - a note of 20,000 was introduced.
- 2001 - On 10 December , a new note of 1,000-Shilling with additional security features was issued.
- 2003 - On 01 December, a 50,000-Shilling note was issued.
- 2004 - On 01 November, an upgraded 20,000-shilling note with additional security features was issued.
On 01 November, an upgraded 5,000-Shilling note with additional features was issued.
- 2005 - On 20 June, Bank of Uganda issued a more enhanced 1,000-Shilling banknote.
- 2006 - On 02 January, an upgraded 10,000 shilling Banknote was issued.
- Current Denominations of Uganda currency
- At present, coins of 1, 2, 5, 10, 50, 100, 200 and 500 shillings are in circulation.
- And notes in circulation are in denominations of 1,000, 5,000, 10,000, 20,000 and 50,000.
Commemorative Coins and Notes
Bank of Uganda has issued the following commemorative coins since 1966:
- 1968 - FAO Coin to mark the United Nations World Food Day with the theme 'Produce More Food'
- 1969 - Pope Paul VI Coin issued to commemorate the Pope's visit to Uganda
- 1981 - International Year of the Disabled Persons coin issued to educate the public about the rights, talents and needs of the disabled throughout the world
- 1986 - Bank of Uganda 20 years of service coin issued to mark BOU's 20 years of service
- 2006 - The Bank of Uganda 40 th anniversary commemorative coin issued in August
2007 - Shs. 10000 CHOGM note to mark Uganda's hosting the 2007 Commonwealth Head of Government Meeting issued on November 20 th. The note has special features both on the front and behind.
How to Detect fake Uganda Currency.
History of Uganda Currency
Uganda got its independence in 1962 from United Kingdom , which was its colonial power. The period immediately following independence witnessed relatively good macro-economic policies that led to economic growth and a highly active export sector.
The economy had adequate foreign Exchange reserves, healthy Balance of payments and Manageable external debt. At the time the East African shilling, which was the official currency for the Three(3) East African States ( Uganda, Kenya and Tanganyika), was attached to the British Pound in the East African Currency Board.
The shillings in circulation had the 100% barking of the foreign currency, the British Pound. At the time 1 Pound was freely convertible to 17 East African Shillings. After Independence, the three(3) countries that formed the East African currency board namely Uganda Kenya and Tanganyika each formed its own Central Bank. Bank of Uganda , Central Bank of Kenya and Bank of Tanzania. And hence begun printing their own currencies , and having separate Monetary policies.
The East African shilling therefore changed into the Uganda Shilling in the case of Uganda and Bank of Uganda became the issuing Authority.
Uganda currency was first issued on 15 August 1966 the day that Bank of Uganda opened.
Prior to 1966, Uganda was using the East African Currency . The East African currency notes continued to run side by side with Uganda currency until April 1967 when they ceased to be legal tender. However, the East African currency coins remained legal tender until April 1969.
Issues of Uganda Currency Since Establishment of Bank of Uganda in 1966
Uganda Currency has changed six times since 1966. The 1966, 1973, 1979, 1983 and 1986 issues followed the political changes in the country.
The 1987 issue has also undergone changes not related to political changes in the country but as an effort to reduce counterfeits as well as easing transactions .
The 1966 Issue
The 1966 currency had coins of:5 cents, 10 cents, 20 cents, 50 cents, 1 shilling, 2 shilling.
The notes were of 5 shillings, 10 shillings, 20 shillings, and 100 shillings
The Banknotes had a ‘palm’ watermark.
The 1973 Issue
In 1973, changes were made to the Banknotes. The denominations of the 1966 Issue were maintained, and a 50-shilling note was also issued.
A portrait of the then President, Idi Amin was then introduced on the Banknotes.
The 1979 Issue
In 1979, slight changes to the currency were once again made. The same denominations as in the 1973 issue were maintained, but Amin’s portrait was replaced with an artist impression of the Bank of Uganda building.
The 1982/83 Issues In 1982 a new currency was issued. The same denominations as those of the 1979 issue were maintained. But, in 1983, denominations of 500 and 1000 Shillings notes were introduced, and had a portrait of the then President, Dr Apollo Milton Obote.
The 1985/1986 Issues
In 1985/86, another issue of currency was made, and Obote’s portrait replaced with the National Emblem in the middle of the Map of Uganda. A new Banknote of 5000 was also introduced.
The 1987 Issue
The legal tender was issued in 1987. It had only coins of 5 cents, 1 shilling and 2 shillings.
Uganda Currency Converting Tools
We have put together two invaluable tools that will help you overcome all your Currency Conversion Dilemmas while on your Business Trip to Africa.
Tool 1:
CLASSIC UGANDA CURRENCY CONVERTER.
Tool 2: ADVANCED UGANDA BUSINESS TRAVEL CHEAT SHEET.
Uganda Currency Converter
The Uganda Currency Converter is a currency converter for over 164 currencies and 3 metals. It uses daily touchstone foreign exchange rates used by corporations, tax authorities, auditing firms, and financial institutions. These filtered rates are based on information supplied by leading market data contributors.
To convert your Currency to Uganda Shillings or any other currency, pleas follow the Instructions below.
Open the Africa Uganda Business Travel Guide Currency Converter
In the left scrolling list, choose the exchange unit you want to convert from. Drag the scrolling arrows to scroll through all selections. (All exchange units are listed with the name of their country first. For example, the "UGX" for Uganda is listed as "Uganda Shilling. UGX")
In the right scrolling list, choose the exchange unit you want to convert to. Drag the scrolling arrows to scroll through all selections.
(Optional) To convert a specific amount, click over the text box next to the"Convert Amount" text and type the amount. The default is 1 unit.
(Optional) To convert using the historic rate for a particular date, type in the date using the displayed format.
(Optional) By default, the conversions use an interbank rate generally not available to the public. However, to avoid disappointment, choose a percentage add-on from the Interbank rate list to approximate the spread charged by your financial institution.
Click the "Convert Now" button to see the conversion.
Uganda Business Travel CHEAT SHEET
The Africa Uganda Business Travel guide CHEAT SHEET allows you to create and print a currency converter table for your next African trip.
To get a copy of your currency table:
- select the date, currencies you wish to obtain and the rate you believe is most relevant to your needs.
- Click on Get my FXCheatSheet to get a copy of your Uganda Business Travel CheatSheet.
You can get the Uganda Business Travel Currency CheatSheet with the exchange rate on any day since 1 January 1990 through today.
So, What's the Performance of the Uganda Shilling Today?
In this section of the Africa Uganda Forex guide we digest for you the latest business news stories about the performance of Uganda money.
Use the information in these Uganda Currency news stories to understand some of the real world dynamics of the Forex market in Africa.
You also have the opportunity to comment on each and every Forex news article posted on this page so that your opinion can be heard regarding the Uganda currency trends.
Send Your Comment about our Africa Uganda Forex News
Do you have a comment about any article on the Africa Uganda Forex Guide? Share it!
Daily Uganda Currency and Forex News with Comments From Other Visitors
Click the links below to see the full stories and contributions from other visitors to this page...
Uganda Commodity Prices rise as dollar fluctuates 
Friday, 21 January 2011
A sharp increase in the international prices of commodities and a high dollar rate against the shilling has sparked a surge …
Defending the shilling is unsustainable - Bank of Uganda Governor, Mutebile Not rated yet
Central Bank governor Emmanuel Tumusiime Mutebile has said Bank of Uganda will no longer inject no more dollars in the currency markets because it is not …
Bank of Uganda explains Uganda shilling fall against the US dollar -Mar 12, 2015 Not rated yet
Uganda’s exchange rate against the US dollar, in common with those of many other countries around the world, has come under strong pressure in recent weeks. …
Uganda Monetary Policy Statement for January 2013 Not rated yet
Inflationary pressures remain under control despite the moderate rise in both headline and core inflation in December 2012.
Annual headline and core …
Ugandan shilling crosses the year on the back-foot Not rated yet
The Ugandan shilling crossed the year on the back-foot as interbank players closed out position ahead of the year end, in a market caught short of dollars, …
Ugandan shilling firms slightly against US Dollar, eyes on key data 29-Oct-2012 Not rated yet
Uganda's shilling firmed slightly against the dollar on Monday due to tight local currency liquidity with traders saying it could gain if the
central …
Ugandan shilling firms against the US Dollar, coffee exports could have helped Not rated yet
The Ugandan shilling strengthened against the dollar on Thursday, lifted by greenback inflows from coffee exporters and low dollar demand from corporate …
Ugandan shilling steady against the US Dollar 20-06-2012r Not rated yet
The Ugandan shilling was
steady for a second day on Wednesday, unmoved by the outcome of
a Treasury bond auction, and traders said they saw it holding …
Standard Chartered bank boosts online currency trading in Africa Not rated yet
Standard Chartered bank is bringing over 130 global currencies to their online banking clients’ fingertips in Botswana, Zambia and Uganda, following the …
Ugandan shilling firms against the US Dollar 18-07-2012 Not rated yet
The Ugandan shilling
strengthened slightly on Monday, helped by muted dollar demand,
but a tapering off of offshore investment in government
securities …
Ugandan shilling weakens against the US Dollar, Tax hike Implicated Not rated yet
The Ugandan shilling weakened against the dollar on Friday, a day after the finance minister raised taxes on earnings from government securities in the …
Uganda shilling trades flat, seen underpinned by debt sale Not rated yet
The Ugandan shilling traded flat on Friday and was expected to be underpinned going into next week by dollar inflows into a government securities auction. …
Ugandan economic growth is expected to rebound, IMF Not rated yet
Ugandan economic growth is expected to rebound next year as inflation eases and credit growth recovers, the International Monitory Fund said in a statement …
Ugandan shilling stable against the dollar 4-06-2012 Not rated yet
The Ugandan shilling held steady against the dollar on Monday after the central bank pledged on Friday to act to curtail any pressures from the euro zone's …
Uganda shilling weaker after rate cut, Bank of Uganda limits damage Not rated yet
Uganda's shilling weakened slightly against the dollar on Friday but was spared heavier losses when the central bank sold dollars as investors bet it would …
Ugandan shilling trades flat against the US dollar for the 3rd Day Not rated yet
The Ugandan shilling traded flat against the dollar for a third day on Wednesday as the market awaited May inflation data for a firmer idea on the direction …
Uganda Shilling Flat Against the US Dollar 28-May-2012 Not rated yet
The Ugandan shilling closed unchanged against the dollar in thin trading on Monday as investors awaited the release of May inflation data for clues on …
Uganda shilling stronger against US Dollar 20-05-2012 Not rated yet
The Ugandan shilling gained 0.6 percent against the dollar on Friday, helped by inflows from coffee exports but traders expect some weakening next week …
Uganda shilling weaker against the US Dollar, more losses seen 24-05-12 Not rated yet
The Ugandan shilling lost ground against the dollar on Thursday, hurt by fears the euro zone debt crisis would continue to erode confidence in emerging …
Uganda shilling eases against US Dollar, auction results eyed Not rated yet
The Ugandan shilling was down 0.2 percent against the dollar on Wednesday, pressured by greenback demand from commercial banks, though some traders said …
Uganda shilling stable against US Dollar 21-May-2012 Not rated yet
The Ugandan shilling traded flat against the dollar for a second straight session on Monday, underpinned by a liquidity squeeze, but traders said greenback …
Ugandan shilling down vs US Dollar, seen recovering 16-May-2012 Not rated yet
The Ugandan shilling UGX=> weakened against the dollar on Wednesday as worries about Greece undermined riskier assets worldwide, but traders said an auction …
Uganda Shilling Slides against US Dollar 15-May-2012 Not rated yet
The Ugandan shilling weakened as much as 1.1 percent against the dollar on Tuesday, pressured by dollar demand from the energy sector, but traders forecast …
Ugandan shilling stable vs dollar: 14-May-2012 Not rated yet
The Ugandan shilling held steady against the dollar on Monday as preparations by companies
for mid-month tax payments depressed greenback demand, and …
Uganda shilling remains steady against the Greenback ahead of Treasury bill auction Not rated yet
The Ugandan shilling held steady against the dollar on Friday as traders avoided taking positions ahead of a Treasury bill auction next week that will …
Uganda Shilling Weakens Against US Dollar -08 - May-2012 Not rated yet
The Ugandan shilling weakened against the dollar on Tuesday, weighed down by demand for the U.S. currency from importers and concerns over mounting instability …
Uganda shilling slips, seen under pressure from inflation: 7-May-2012 Not rated yet
The Ugandan shilling stumbled against the dollar on Monday and traders said the shilling could remain under pressure due to persistently high inflation …
Uganda Shilling Firm after Central Bank Lending Rate is Held 3-May-2012 Not rated yet
The Ugandan shilling rallied nearly one percent against the dollar on Thursday, a day after the central bank left its policy rate unchanged due to a bleak …
Ugandan shilling up vs dollar, seen stable on rates 2-April-2012 Not rated yet
The Ugandan shilling edged higher against the dollar on Wednesday, buoyed by greenback supplies from offshore investors participating in a Treasury bill …
Uganda shilling Stable Against US Dollar 30-April-2012 Not rated yet
The Ugandan shilling was stable against the dollar on Monday, though traders said it may weaken ahead of an interest rate-setting meeting on Wednesday …
Uganda Shilling Remains Unchanged against the US Dollar - 27-April-2012 Not rated yet
The Ugandan shilling was flat against the dollar on Friday as the market cautiously awaited April inflation data and a central bank meeting next week, …
Uganda shilling down against the US Dollar 23-April-2012 Not rated yet
The Ugandan shilling inched lower on Monday, weighed down by demand for the dollar from banks and the energy sector with market players expecting the local …
Uganda Shilling Weakens Against Dollar 20-April-2012 Not rated yet
The Ugandan shilling traded flat against the dollar on Friday in thin volumes and traders forecast the local currency was likely to edge lower, undermined …
Uganda shilling recovers against US Dollar after yields rise at T. Bill auction Not rated yet
18-April-2012
A rise in yields on Treasury bills spurred a recovery of the Ugandan shilling against the dollar on Wednesday due to expectations of inflows …
Uganda Shilling Stable in anticipation of Treasury Bill Auction -17-April-2012 Not rated yet
17-April-2012
The Ugandan shilling was stable against the dollar on Tuesday and the market was banking on offshore investor appetite at this week's …
Uganda Shilling Strengthens Against Dollar -16-April-2012 Not rated yet
16-April-2012
The Ugandan shilling edged higher against the dollar on Monday, helped by a slump in corporate demand for dollars and market confidence …
Uganda shilling firms against the US dollar -13-April 2012 Not rated yet
13-April-2012
The Ugandan shilling
firmed against the dollar on Friday, on the back of greenback
inflows from aid agencies and traders expected …
Uganda Shilling Weakens Against US Dollar -10-April-2012 Not rated yet
10-April-2012
The Uganda shilling lost as much as 0.8 percent on Tuesday on the back of demand for dollars from the energy sector and traders forecast …
Uganda Shilling Climbs 3rd Consecutive Day Against US Dollar Not rated yet
4-April-2012
KAMPALA, April 4 (Reuters) - The Uganda shilling climbed for a third consecutive day against the dollar on Wednesday, lifted by offshore …
Uganda shilling down vs the US Dollar - 30 -March- 2012 Not rated yet
30 -March- 2012
The Ugandan shilling edged down against the dollar on Friday on fears the central bank would further cut rates after a disappointing …
Uganda shilling holds steady against Dollar - 27-March-2012 Not rated yet
27-March-2012
The Uganda shilling held its ground against the dollar on Tuesday but possible month-end demand for dollars from telecoms, manufacturing …
Uganda shilling falls, seen staying under pressure- Importers Implicated Not rated yet
26-March-2012
KAMPALA - The Ugandan shilling weakened against the dollar on Monday, weighed down by demand for the U.S. currency in the interbank market, …
High Dollar demand from the Uganda Energy and Manufacturing Sectors Weigh in on Shilling Not rated yet
23-March-2012
KAMPALA UGANDA - The Uganda shilling held steady on Friday but end-of-month dollar demand for dollars from the manufacturing and energy …
Treasury Yields Expected to Tick Up as Bank Of Uganda Races to Save Shilling Not rated yet
20-March-2012
The Ugandan shilling traded little changed on Tuesday but tight domestic liquidity and the prospect of a surge in inflows of dollars for …
Uganda Oil Prices Up as Shilling Hits Record Low Since the year Started Not rated yet
13-March-2012
Ugandans will have to pay more for a litre of fuel as the costs have increased, yet again. A litre of petrol is now selling between Shs3,500 …
Uganda Inflation slows to 25.4 percent in Feb 2012 Not rated yet
1-March-2012
Experts have predicted it will be impossible for Uganda’s inflation to drop to single digit figures at the end of this year c
onsidering …
Uganda Central Bank Buys Dollars as Shilling Firms against the green bark Not rated yet
15th-Dec-2011
Uganda's central bank was in the market early on Thursday, seeking to buy an unspecified amount of foreign exchange after the shilling …
Uganda Shilling Gains but Exporters Not Impressed Not rated yet
15-December-2011
Uganda Exporters are gnashing their teeth in frustration at the gains the Uganda Shilling has made against the US dollar in the past …
East African Development Bank eyes lead role in regional Integration Not rated yet
Tuesday, 1st November 2011
The East African Development Bank's (EADB) outlook is positive as it poised to tap into and be a key catalyst of opportunities …
New Uganda Bank Lending Rates to affect old customers Not rated yet
Thursday, 24th October 2011.
If you have a loan in any bank, get ready to dig deeper into your pockets because the banks have increased their lending …
Uganda Inflation to drop 5 percent in 2013 - Central Bank Not rated yet
Friday, 30th September, 2011
Headline inflation increased to 21.4% in August from 18.7% in July, the highest level in 18 years. Paul Busharizi and …
Uganda inflation rate surges to 28.3 percent Not rated yet
Friday, 30th September, 2011
Uganda's year-on-year inflation rate leapt to 28.3 percent in September from 21.4 percent a month earlier, the highest …
Uganda Shilling remains weak against foreign currencies -27-Sept-2011 Not rated yet
Tuesday, 27th September, 2011
KAMPALA-The shilling slipped against the dollar on Monday, undermined by end-of-month greenback demand and the euro …
Africa markets face tight liquidity Not rated yet
Sunday, 25th September, 2011
JOHANNESBURG: A 12-year infrastructure bond is likely to be under subscribed at an auction in Kenya next week due to …
Treasury Bill auction boosts Uganda shilling Not rated yet
Thursday, 22nd September, 2011
A surge in inflows from offshore funds ahead of the yesterday’s Treasury Bills auction helped the Ugandan shilling …
Uganda shilling slips, expected to gain ground in days ahead Not rated yet
Wednesday, 21st September, 2011
The Uganda shilling sagged against the dollar yesterday, reflecting global worries about the euro zone debt. But traders …
Uganda Sugar prices to reduce as imports arrive Not rated yet
Tuesday, 20th September, 2011
Uganda Sugar prices are set to gradually fall starting this month as imported sugar floods the market, the trade ministry …
Uganda Shilling gains slightly against US dollar Not rated yet
Tuesday, 20th September, 2011
The Uganda shilling has appreciated against all the major traded currencies on the local foreign exchange market, holding …
First batch of Uganda sugar imports here, export to Kenya suspected Not rated yet
Thursday, 8th September, 2011
The first batch of sugar imports ordered by the Uganda Government to quell the sugar scarcity has entered the country. …
Uganda Fuel prices inch higher, cap unlikely Not rated yet
Thursday, 8th September, 2011
Uganda fuel prices continue to go up, reaching sh3,934 in the upscale areas of Kampala due to fluctuations in the value …
Bank of Uganda raises lending rate to 16 percent Not rated yet
Tuesday, 6th September, 2011
Uganda's central bank raised its benchmark lending rate (CBR) to 16 percent in September from 14 percent last month to …
Uganda Shilling hovers on all-time low Not rated yet
Friday, 2nd September, 2011
KAMPALA - The Ugandan shilling hovered just shy of its all-time low against the dollar yesterday as jitters over soaring …
Uganda Inflation hits record high Not rated yet
Thursday, 1st September, 2011
High food prices and the depreciation of the Uganda shilling have pushed Uganda's inflation for the year ended August …
Dual Circulation of Uganda Bank Notes is not the Cause of Inflation Not rated yet
Bank of Uganda wishes to respond to concerns from the public about the co-current circulation of the old and new series of banknotes and its relation to …
Uganda shilling dips against US dollar Not rated yet
Monday, 29th August, 2011
The Uganda shilling was weighed down on Friday by dollar demand notably from oil importers and manufacturers, and traders …
Uganda Central Bank sells dollars, shilling firms Not rated yet
Wednesday, 24th August, 2011
The Ugandan shilling recovered from early lows against the dollar on Wednesday after the Bank of Uganda stepped into …
Bank of Uganda mop-up hikes loan charges Not rated yet
Wednesday, 24th August, 2011
AN aggressive cash mop-up by the Central Uganda since the beginning of the year has had little effect on inflation so …
Uganda shilling broadly steady Not rated yet
Friday, 19th August, 2011
Tight liquidity and slow dollar demand kept the Ugandan shilling broadly steady on Friday although traders expect dollar …
How the Uganda Construction sector is coping with the Depreciating Shilling Not rated yet
Thursday, 18th August, 2011
The continuing depreciation of the Uganda shilling against the dollar is shaking up budgets of most companies.
The unit …
Uganda Shilling steadies against major foreign currencies Not rated yet
Wednesday, 17th August, 2011
KAMPALA-The shilling was barely moved against the dollar on Tuesday, with interbank demand for dollars seen sluggish, …
Uganda Commercial banks readjusting as BOU tightens monetary policy Not rated yet
Monday August 15, 2011
Uganda Commercial banks are readjusting to remain relevant to customers with lending rates rising and the likelihood of loan …
Uganda Central Bank acts as shilling nears 3000-mark Not rated yet
Sunday, 14th August, 2011
The Uganda Central Bank sold an undisclosed amount of dollars to help the shilling rally against the greenback in the final …
Bank Of Uganda sells dollars as shilling slides Not rated yet
Friday, 12th August, 2011
UGANDA's central bank said on Friday it was in the local market to sell hard currency after the shilling fell to a new …
Uganda shilling hits record low 11-AUG-2011 Not rated yet
Thursday, 11th August, 2011
By Macrines Nyapendi and Agencies
THE Uganda shilling extended its tumble for a sixth straight day to touch a new …
Uganda shilling not world’s worst performer Not rated yet
Tuesday, 9th August, 2011
Sunday Monitor claimed, in its front page article on August 7, that the “Uganda shilling is now the worst performing currency …
Uganda shilling retreats back to 2,700 unfamiliar territory Not rated yet
Tuesday, 9th August, 2011
THE shilling yesterday declined to trade at 2,710/2,745, breaking through its June 30 record low, weighed down by surging …
Bank Of Uganda sells dollars to save shilling Not rated yet
Friday, 5th August, 2011
The Uganda Central Bank yesterday sold an undisclosed amount of dollars in the foreign exchange market after the shilling …
Paying the price for a shaky Uganda shilling Not rated yet
Thursday, 4th August, 2011
THE turbulent exchange rate has pushed traders of imported goods to charge customers in dollars. The shift was pioneered …
Uganda Central Bank Rate Up 14 percent Not rated yet
Wednesday, 3rd August, 2011
The Bank of Uganda (BOU) has raised the Central Bank Rate (CBR) for August to 14%, from 13% in July. The move is expected …
Uganda's inflation shoots to 18% Not rated yet
Saturday July 30, 2011
Uganda's year-on-year inflation rate rose to 18.7 percent in July from 15.8 percent in June, the Uganda Bureau of Statistics …
Corporate demand subdues Uganda shilling Not rated yet
Friday, 22nd July, 2011
CORPORATE demand for dollars from the energy sector, with no supporting inflows, yesterday pushed the shilling to close lower …
Uganda Shilling fights for own life Not rated yet
Thursday July 21, 2011
KAMPALA-The shilling slipped against the dollar for a second straight session on thin volumes on Tuesday, but some traders said …
Uganda shilling stable Not rated yet
Tuesday July 12, 2011
KAMPALA, (Reuters) - Lower demand for dollars kept the Ugandan shilling flat for the third straight session on Tuesday but traders …
Uganda Shilling stabilises against dollar Not rated yet
Tuesday July 12, 2011
THE shilling was stable against the dollar on Monday amidst slow activity.
Traders said it could trade in a narrow range this …
Uganda Government will not fix forex rate Not rated yet
Tuesday July 12, 2011
The Government of Uganda cannot set a fixed exchange rate for purposes of tax collection, finance minister, Maria Kiwanuka said …
Corporate demand for dollar pushes Uganda shilling to close week at 2,620 Not rated yet
Monday July 11, 2011
The shilling tumbled against the dollar having opened 2,510/20 to close 2,610/20 as demand for the US currency persists.
“The …
Why the Uganda shilling is struggling Not rated yet
Monday July 11, 2011
THE shilling fell to historic lows last week on a rumour that Central Bank boss Tumusiime Mutebile had handed in his resignation. …
Ugandan President Speaks Out on Depreciating Shilling Not rated yet
Friday July 8, 2011
Museveni's full statement
‘Whatever a man sows is what he will reap’ Galatians 6: 7-9.’
There have been stories in some of …
Uganda Central bank rate set at 13% Not rated yet
Wednesday July 6, 2011
The Governor Bank of Uganda Emmanuel Tumusiime Mutebile has announced a 13% Central bank rate for July, the first in a series …
Bank of Uganda postpones key interbank rate announcement Not rated yet
Tuesday July 5, 2011
The Uganda Central Bank on Monday put off announcing its inaugural key rate and inflation target to finalise some technical issues, …
Uganda Shilling holding stronger position Not rated yet
Tuesday, 5th July, 2011
The Ugandan shilling weakened slightly against the dollar on Tuesday but traders said low demand for the greenback should keep …
Uganda Lending Rates set to rise again Not rated yet
Monday July 4, 2011
The tight monetary stance being observed by the Bank of Uganda (BOU) is poised to push lending rates up, a top official said over …
Bank of Uganda targets inflation in policy shift Not rated yet
Friday June 24, 2011
Uganda will shift its monetary policy to target inflation rather than money supply growth and will launch a Central Bank interest …
The Economics behind the depreciating Uganda Shilling Not rated yet
Wednesday June 22, 2011
A weak currency tied with high global energy costs and rising inflation is pushing the costs of doing business, forcing businesses …
Uganda Shilling Weakens to Not rated yet
Wednesday, 15th June, 2011
THE Ugandan shilling weakened towards an all-time low yesterday, reacting to critical comments from the Central Bank chief …
NGO inflows tame Uganda shilling free-fall Not rated yet
Monday June 13, 2011
The Uganda shilling traded firmly against the greenback, but a tad weaker in 2392/2408 range during last week in a market characterized …
Uganda Shilling unchanged for a week Not rated yet
Monday June 6, 2011
THE shilling traded unchanged all week in 2389/2395 box, dealers said over the weekend.
“The currency pair lacked any significant …
Uganda Shilling set to strengthen Not rated yet
Wednesday June 1, 2011
The Ugandan shilling strengthened slightly against the dollar on Tuesday, a day before a bond auction that may bring foreign …
Uganda Shilling may strengthen Not rated yet
Saturday May 28, 2011
UGANDA'S shilling is likely to strengthen due to dollar flows from foreign investors interested in buying high-yielding government …
Uganda Shilling strengths against the dollar Not rated yet
Thursday May 26, 2011
The Uganda shilling traded flat yesterday, although some players said it may strengthen against the dollar in coming days due …
Tullow Oil Uganda sues Heritage over $313m tax paid to govt Not rated yet
Monday, 18th April, 2011
TULLOW Oil has dragged Heritage to court to recover the $313.45m paid to Uganda as capital gains tax on the pre-production …