UGX

The ISO 4217 currency code for the Uganda Shilling.

UGX

ISO 4217 code for the second Ugandan shilling. The new shilling replaced the old Ugandan shilling (UGS) in 1987 following a period of hyperinflation. The new shilling was issued at an exchange rate of 1 second shilling for 100 first shillings. The second shilling is stable, though there are plans to replace it with a common currency for the East African Community at the end of 2009. Currently, it is used in Uganda alongside the U.S. dollar, the British pound, and the euro.

Acronym

Definition

UGX➣Uganda Shilling (ISO currency code)