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Uganda / 81 Products

The Republic of Uganda is a landlocked nation situated in East-Central Africa, bordered by South Sudan to the north, Kenya to the east, Rwanda to the south-west, the Democratic Republic of the Congo to the west, and Tanzania to the south. The landscape and wildlife of Uganda contribute to the tourism industry in the country. 

Despite the country’s consistent economic development, the country is still considered as one of the poorest in the world. Uganda’s central bank, the Bank of Uganda takes charge of the monetary system as well as the printing of its banknotes, the Ugandan shillings that replaced the East African shillings. The bank was established on July 1, 1966, following the fall of the East African Currency Board. In 1966, the first shilling was introduced in 5, 10, 20, and 100 denominations, bearing the coat of arms of Uganda. 

In 1971, army commander Idi Amin Dada initiated a military coup and eventually declared himself President, taking over President Apollo Milton Obote. Banknotes dated between 1973 and 1977 bear a portrait of Idi Amin Dada wearing a military cap and uniform. When he left Uganda on April 11, 1979, his portrait was replaced by an image of the Bank of Uganda headquarters building located in Kampala. In 1982, the Bank of Uganda released another set of notes with the headquarters building replaced with the national emblem on a map of the country. 

On the 1983 - 1985 issues, the coat of arms design was replaced with a picture of President Apollo Milton Obote who recouped power in 1980. President Milton Obote was again ousted in a military coup on July 27, 1985. Thus, the coat of arms on a map design was re-used, replacing Obote’s portrait. In 1987, the old Ugandan shilling was revalued as necessitated by hyperinflation. In 2010, the Bank of Uganda introduced a new family of notes with a harmonized design reflecting the country’s rich cultural heritage, history, and nature. Additionally, these banknotes have enhanced security features, making the nation the first in Africa to introduce the SPARK feature. Although the notes have no printer imprint, they’re known to be printed by De La Rue.

 

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