Ugandan shilling (UGX)
1 articleUganda's official money is the Ugandan shilling; ISO 4217 assigns it the alphabetic code UGX. The Bank of Uganda is the institution connected with issuance and circulation of the Ugandan shilling. The cent is the formal subdivision but is not represented by ordinary circulating coins. These features define the monetary unit itself, separate from the broader economic profile of Uganda. Permanent identification depends on its code, denomination structure and official monetary arrangements rather than on short-term market prices.
Uganda Shilling Nears Record Low as Dollar Demand Rises
Uganda's shilling is under renewed strain as commercial banks quote weaker rates and businesses rush to secure dollars, putting the currency at risk of hitting its lowest level ever against the US dollar amid ongoing uncertainty in Iran.