The acceptable currencies in Uganda
The acceptable
currencies in Uganda include; the Uganda shillings which takes the denomination
of Ush 50,000, 20,000,10,000,5,000, 2,000, 1,000 and coins in 500, 200, 100, 50
Ush. This currency is relatively a stable currency though it some floats
against the dollar, Euro and Britain Pound.
This currency can readily available at all forex bureaus in Uganda.
Other acceptable notes include; United States Dollar, Britain Pound, Euro among
other currencies.
What travelers should note about the Ugandan currency.
As a new person
in the country, you should note that the bank of Uganda since April 2010 has
printed new bills with same denominations though with completely different
looks. During this time, the 2000 note was brought into circulation. It phased out old currencies including the
1000, 5000 and 10,000 notes and brought in new notes. The government of Uganda
was planning to bring a 100,000 note though it is not yet in circulation by the
bank of Uganda. However the money issued by forex bureaus in Uganda is genuine
notes. You should avoid going on streets to exchange money as you might be
given fake notes.
The foreign exchange and Uganda money exchange tips.
In case you are
carrying foreign currencies in Uganda like American dollars, Britain sounds and
euro, you can readily convert these currencies in any forex bureau. When you
are at a private forex bureau, it will
take you about 5(five) minutes to make a
transaction. You will not be required to have a passport or any other documentation
About the Uganda banks
Uganda has got
several international banks. The notable international banks in the country
include; Standard chartered bank, Barclays bank among others. These banks are
open from 8:30 am to 6:00 pm from Monday to Saturday. When you are in Kampala, which is Uganda’s
capital city, several of these banks will be seen. As you shopping in Ugandans
shopping malls, like Acacia Mall, Speke Hotel, Garden City shopping mall and
the Grand Imperial Hotel which are open seven days a week you will find banks
and also you will be in position to exchange your money into local currencies.
What to do in case you exchange more money than
required.
After you have
exchanged money from the forex bureau and you eventually find out that the
money you exchanged is more than what you needed during your stay in Uganda,
you are advised to there and then convert it back into the foreign currency.
This will help you to keep your money safe. Of course when you carry the
Ugandan notes back from Uganda to your country of origin, then this money will
be rendered useless until when you come back to Uganda that is when you will be
in position to spend this money.
Giving out tips
Giving out tips
will be up to you. However, you should not give out a lot of money as tip. Give
relatively small amounts of money as tips. For more clarity about the bank
money, you s can contact us through peter.kennethwere@gmail.com. We shall be in position to give information
concerning money. Please feel free to contact us for any information.
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