🏴 MostFlags

Ugandan shilling · UGX

USh symbol · 1 country currently using this currency.

Currency info

Adopted: 1966

Currency family: Other

The Ugandan shilling is one of the few currencies still using the shilling name, a legacy of British colonial monetary systems across East Africa.

  • Introduced in 1966 following Uganda's independence, replacing the East African shilling
  • Experienced severe devaluation during the 1970s-1980s due to political instability and civil conflict
  • Underwent a major redenomination in 1987, with 100 old shillings equal to 1 new shilling
  • Stabilized significantly after the mid-1990s with improved economic management and central bank reforms

Countries currently using this currency

Related

Historical predecessor

East African shilling