Coin Name: Ugandan shilling
Token Name: UGX
The shilling (UGX) is the currency of Uganda. Officially divided into cents until 2013, the shilling now has no subdivision.
The first Ugandan shilling (UGS) replaced 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 stable currency and predominates in most financial transactions in Uganda, which has a very efficient foreign exchange market with low spreads. The United States 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
Total Circulation: http://www.bou.or.ug/
Official Website: http://www.bou.or.ug/