Ugandan shilling

The shilling (Swahili: shilingi; abbreviation: USh; ISO code: UGX) is the currency of Uganda.

This pattern was modelled on sterling's pre-decimal notation, in which amounts were written in some combination of pounds (£), shillings (s), and pence (d, for denarius).

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

Bank of Uganda Governor Emmanuel Tumusiime Mutebile said the new notes did not constitute a currency reform, nor were they dictated by politics.

Uganda is the first African country to introduce the advanced security feature SPARK[5] on a regular banknote series.

SPARK is an optical security feature recognised by central banks worldwide and is used on a number of banknotes for protection against counterfeiting.

Sign in Kisoro with prices in Ugandan shillings; note the use of the '/=' symbol.