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Ugandan Shilling
About The Ugandan Shilling: The Currency of Uganda
Quick Facts About the Ugandan Shilling Notes
| Country of Origin | Uganda |
| Symbol | Sh |
| Currency Code | UGX |
| Nick Names | Second Shilling |
| Minor units | Cents (till 2013) |
| Denominations (Banknotes) | UGX 1,000, UGX 2,000, UGX 5,000, UGX 10,000, UGX 20,000, UGX 50,000 |
| Motto | |
| Identification Feature | All current Ugandan Shilling banknotes have “Bank of Uganda” inscribed on them. |
| Issuing Bank | Bank of Uganda |
| In Circulation Since | 1987 |
The Ugandan Shilling is the official currency and legal tender of the West African nation of Uganda. Formerly, the Ugandan Shilling had a subunit called the cent. High inflation and drops in the Ugandan Shilling rate caused Shilling to be the smallest in use unit. All banknotes and coins bearing the Ugandan shilling symbol are managed and circulated by the Bank of Uganda. Ever since 2013, Ugandan Shilling notes have been printed in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000.
Although the Ugandan Shilling is widely accepted in Uganda, unofficial currencies like the USD and Euro are also used in the country. The current Ugandan Shilling to dollar rate is 0.00027, while the Ugandan Shilling to Euro rate is 0.00026.
Currently, you can sell Ugandan Shilling at the Ugandan Shilling to Rupee rate of around 0 .
History of the Ugandan Shilling
Like most African currencies the Ugandan shilling symbol traces back its origin to the 20th century. The Ugandan Shilling began circulation in 1966 replacing the former East African Shilling, following Uganda’s independence from Great Britain in 1962.
The Ugandan Shilling rate was initially pegged to the British pound, but the exchange rate was later adjusted to reflect market forces. The current Ugandan Shilling to INR rate is around 0.023, while the Ugandan Shilling exchange rate for Ugandan Shilling to PKR is around 0.062. The steady drop in the Ugandan Shilling price over the years can be attributed to its high inflation and various embezzlement charges faced by the country.
In 1987, the Bank of Uganda introduced new Ugandan Shilling notes and coins to replace the old currency, which had become worn and difficult to use. In 2013, the central bank had to re-introduce new Ugandan Shilling notes and coins removing the sub-unit cents after severe inflation and devaluation featuring enhanced security features to help deter counterfeiting.
Countries Accepting the Ugandan Shilling
The Ugandan Shilling is used as legal tender and official currency only in the West African country of Uganda. While the currency has been relatively stable in recent years, no other country uses it as a legal tender.
Amount in the Ugandan Shilling You Should Carry for Your Trip
Stocking up on Ugandan Shilling banknotes on your trip to Uganda is a good idea, as Uganda, for the most part, is a cash-based economy and credit cards are not widely accepted. However, the amount of Ugandan Shilling you should carry will vastly depend on your individual needs, travel, and food preferences as well as activities.
A moderately expensive trip to Uganda with food, accommodation and transport factored in, comes up to around 180,000 UGX a day, while a high-ticket luxury trip with similar culinary and transport experiences can cost upwards of 400,000 UGX a day. A well-planned and budgeted trip with certain compromises, however, can cost as low as 100,000 UGX.
As Ugandan Shilling Forex cards can only be used in major cities, it is recommended that you buy Ugandan Shilling from a Ugandan Shilling currency exchange as soon as you arrive in the country. Checking the live Ugandan Shilling rate beforehand is also a great idea.
Best Ways to Identify Counterfeit Ugandan Shilling Notes
There are a few ways through which you can spot the counterfeit Ugandan Shilling notes:
When exposed to sunlight or any other form of direct light, Ugandan Shilling banknotes show a picture of Uganda’s National bird, a crane. The watermark features a light area near the eye and a dark area above the beak, along with the denomination of the note below the beak.
A silvery security thread runs through the middle of the Ugandan Shilling banknotes. The thread appears broken when not exposed to direct light. When exposed to direct light the thread appears as a continuous line and changes colour from red to green.
The lower denomination notes of 1000, 2000, and 5000 have their purple pattern change to green when the note is tilted.
The higher denomination notes of 10,000, 20,0000, and 50,000 have a prominent green pattern that changes colour to blue when the note is tilted away from the holder. The pattern also contains a bright line that moves when the note is tilted side to side.
Process of Exchanging the Ugandan Shilling
The process of converting the Ugandan Shilling to Indian Rupee is immensely easy. Please note that the 1 Ugandan Shilling to INR value is subject to change so keep an eye on the Ugandan Shilling rate alert. Below, we have mentioned some of the popular ways to convert Ugandan Shillings to Rupees.
Internationally-Accepted Card
A multi-currency forex card is counted among the most economical and safest way of carrying the Ugandan Shilling.
The BookMyForex Multi-Currency card can be loaded in 14 currencies and features zero forex mark-up.
Online Forex Marketplace
The simplest and most cost-efficient way of converting your Ugandan Shilling is using an online forex marketplace such as BookMyForex, a platform by MakeMyTrip, offering the best conversion rates and currency exchange service. The platform offers a 5-minute fully-digital online process for currency exchange.
Visiting Your Bank
The most traditional way of converting the Ugandan Shilling to Rupee is by visiting a bank and standing in long queues. It is not only time-consuming but you also end up paying a high cost for making the Ugandan Shilling convert to Indian Rupees.
Local Money Changers
You can look for an Authorised Dealer Category II or someone who has a money changers licence. Money exchangers offer competitive Ugandan Shilling exchange rates, and you’d not need a bank account in this case. However, the process of rate haggling can be quite frustrating for those who are looking for an easy way to convert Ugandan Shilling to INR.
On the other hand,BookMyForex, the online marketplace, offers internationally-accepted forex card and currency notes at the best rates via a convenient online process.
Airport
If you would like to convert the Ugandan Shilling in India, one of the costliest ways to do so would be to get the Ugandan Shilling exchanged at an airport due to the exorbitantly high UGX exchange rates. Currency exchange at the airport will prove to be 5%-15% costlier than BookMyForex.
Exchange the Ugandan Shilling with BookMyForex
BookMyForex, the online forex marketplace by MakeMyTrip, makes it a hassle-free affair for you to convert the UGX to Indian Rupees as well as Indian Rupee to Ugandan Shilling. Please note that the 1 Ugandan Shilling to INR value is subject to change so keep an eye on the Ugandan Shilling rate alert. You should choose MakeMyTrip for currency exchange for the following reasons:
Wide Range of Products
Forex (Currency Notes) - Available in 100+ cities across India, BookMyForex allows you to get your currency notes delivered on the same day or the next day after 100% digital booking.
BookMyForex Multi-Currency Card - You can load this card in 14 currencies with 0% Forex Mark-up. Once you have booked this card, you can receive it the same day (if booking is made before 1 PM) or the next.
International Travel Insurance - MakeMyTrip also offers international travel insurance at cheapest rates in the market. Also, you can opt for this product if you’d like MMT to handle your mandatory travel insurance requirements along with a VISA application.
Travel Loan - With TripMoney, you can avail a travel loan of up to INR 1,00,000 (lifetime limit) for all your travel and holiday needs.
Best Exchange Rates
BookMyForex makes it easy for you to buy Ugandan Shilling or sell Ugandan Shilling at live and best exchange rates.
Quick Money Transfer
You can also enjoy quick international money transfers on BookMyForex. The 5-minute digital process offers the best forex rates, and you can receive funds abroad within 12 to 48 hours.
Home Delivery
BookMyForex delivers the Ugandan Shillings at your doorstep. So, you can simply order and receive your currency from the comfort of your home.
Best Rates to Exchange the Ugandan Shilling
You’d need to keep an eye on the current currency rates, if you’d like to know the exact value you’d get on converting 1 Ugandan Shilling in Rupees. The exchange rates keep on fluctuating. BookMyForex, an online forex marketplace by MakeMyTrip, keeps you updated with the live currency exchange rates. You can keep up with the changing value of 1 Ugandan Shilling in India in real-time on the platform and get the best deal. Currently, 1 UGX is equivalent to 0 INR .
Best Ways to Carry the Ugandan Shilling
BookMyForex allows you to convert INR to the Ugandan Shilling at the best exchange rates so that you can carry the Ugandan Shillings without any hassle. Some of the best ways to carry the Ugandan Shilling are mentioned below:
Currency Notes
You can buy the US Dollar notes at live and best exchange rates on BookMyForex so that you can be ready for your trip with sufficient cash in your hand.
BookMyForex Multi-Currency Card - 0% Forex Mark-Up
The Multi-Currency Forex Travel Card available on MakeMyTrip with BookMyForex as the co-branding partner comes with 0% forex mark-up over interbank rates.
How to Buy the Ugandan Shilling at Best Rates - Currency Notes and Cards
Whether you want to buy forex cards and currency notes or sell the Ugandan Shilling, MakeMyTrip makes the entire process quite easy. It doesn’t matter whether you want to convert the Ugandan Shilling to USD, INR to Ugandan Shilling or Ugandan Shilling to Euro, you only need to follow the below-written steps:
- STEP 01
Select your city from the drop-down list.
- STEP 02
Choose the currency you have and the currency you want.
- STEP 03
Opt for a forex card or currency notes from the list.
- STEP 04
Mention the forex amount. The live currency exchange rate will show up next to it.
- STEP 05
The converted currency amount according to the exchange rate will show up automatically.
- STEP 06
Then proceed with booking your order.
Documents Required to Buy or Sell the Ugandan Shilling
Here are some important documents mandated by the RBI that you must submit in order to buy or sell the Ugandan Shilling in India.
Copies of your valid Indian passport
PAN Card
Confirmed air ticket indicating your plan to travel within 60 days
Valid visa (it may not be required for every country)
Different Purposes for Exchanging the Ugandan Shilling
Private Travel: You can avail of up to UGX 10,000 for a private trip to the Uganda.
Studying Abroad: You can purchase foreign exchange of up to UGX 30,000 or up to the estimate shared by your educational institute.
Employment Purpose: In case you have a letter of employment, you can buy foreign exchange of up to UGX 5,000.
Emigration: If you have an emigration visa, you can buy foreign exchange for up to UGX 5,000.
Gift and Donation: You can gift or donate up to UGX 5,000 annually on the basis of self-certification
Medical Treatment: On the basis of self-certification, you can buy foreign exchange of up to UGX 50,000 for medical treatments outside of India. Once the limit is surpassed, you have to provide the estimated expense that would be incurred at the hospital.
Buy and Sell the Ugandan Shilling Online at Best Exchange Rates
With BookMyForex, the online forex marketplace by MakeMyTrip, you can easily convert your currency. Enjoy unbeatable currency exchange rates and opt for BookMyForex Multi-Currency Cards as well as foreign currency notes. with no forex mark-up. MakeMyTrip also present the real-time value of one Ugandan Shilling in Indian Rupees so that you can stay updated with the ever-changing Ugandan Shilling value when converting your money to other currencies.
Home Delivery of the Ugandan Shilling
In addition to a smooth online process, BookMyForex also delivers the Ugandan Shillings right at your doorstep. In fact, you can enjoy same-day door delivery. So, you do not have to waste any time visiting a local money exchanger and picking up your money.
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Frequently Asked Questions
What is the currency of Uganda?
The official currency of Uganda is the Ugandan Shilling (UGX). It's used for all kinds of transactions across Uganda, from shopping to dining and travel.
How do I get cashback after placing my forex order?
Find out more about the cashback offer on your Ugandan Shilling (UGX) purchase by clicking here.
What is the best way to convert UGX to INR?
You can convert UGX to INR using different methods such as visiting a nearby bank or an airport counter. However, both of these methods will prove to be time-consuming as well as costly. There are local money exchangers available but you might need to indulge in negotiations with them. Therefore, MakeMyTrip, powered by BookMyForex, is the perfect way to convert your currency. This online Forex solution offers currency exchange at live rates and delivers currency notes or Forex cards to your doorstep.
What will happen to the leftover Ugandan Shilling currency when I return from my trip?
You can easily exchange any leftover currency notes or the money left in your Forex card with MakeMyTrip, powered by BookMyForex, once you have returned from your trip.
Can I invest in the Ugandan Shilling?
Yes, you can invest in the Ugandan Shilling via mutual funds, ETFs, or ETNs. However, you should keep an eye on market fluctuation and geopolitical concerns.
Will I receive authentic Ugandan Shilling notes?
Yes. MakeMyTrip offers genuine notes from RBI-licensed companies only.
Is it legally allowed to hold Ugandan Shilling in India?
While it is acceptable to hold the Ugandan Shilling up to the amount authorised by RBI, you cannot use this currency for any kind of transaction in India.
What if I run out of the Ugandan Shilling currency while travelling?
If you are carrying a MakeMyTrip multi-currency Forex card while travelling, then you can easily load it up and receive the money abroad within 48 hours.