According to an UGPulse article, Governor Emmanuel Tumusiime Mutebile said the Bank of Uganda would consider introducing a 100,000-shilling (US$38.50) banknote if inflation doesn’t ease from recent levels around 30 percent. Currently the largest denomination is the 50,000-shilling note issued on 17 May 2010. In a follow-up statement dated 11Read More…

An East African Business Week article dated 14 February 2011, contains interesting information on the continuing plans to form an East African Community Monetary Union similar to the European Union, wherein all the partner states will replace their individual currencies—the Burundian franc, Kenyan shilling, Rwandan franc, Tanzanian shilling, and UgandanRead More…