Uganda Currency

Hi I am Indian and want to take admission in one of the top University of Uganda . How to convert the Indian Rupee to Ugandan Shilling which is the currency of the Uganda ? Provide the information regarding the Uganda Shillings (UGX) Currency Exchange Rates.

Hello sir, I am Hamilton. I want you to help me by providing me some information regarding the Uganda currency? What is the currency of Uganda and also tell about its history?

[Shaleen]

As you have asked information about the Uganda currency, I am giving you information regarding it
The currency of Uganda is Ugandan Shilling.
The shilling now has no subdivision.
Some information about the Ugandan Shilling:
ISO 4217 code UGX
Central bank Bank of Uganda
User(s) Uganda
Inflation 4.7%
Symbol USh
Coins
 Freq. used 50, 100, 200, 500 shillings
 Rarely used 10 shillings
Banknotes 1000, 2000, 5000, 10,000, 20,000, 50,000 shillings

The first Ugandan shilling (UGS) swapped the East African shilling in 1966 at par.
Following high inflation, a new shilling (UGX) was introduced in 1987 worth 100 old shillings.

The shilling is usually a steady currency and dominates in most financial transactions in Uganda, which has a very efficient foreign exchange market with low spreads.
The US dollar is also widely accepted.
The pound sterling and increasingly the euro are also used.

The Bank of Uganda cut its policy rate to 22% on 1 February 2012 after reduction of inflation for 3 consecutive months