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ETC
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UGX
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About Ugandan Shilling (UGX)

The Ugandan Shilling (UGX), introduced in 1966, is the official currency of Uganda and a significant symbol of the country's economic resilience and aspirations for growth. It is commonly abbreviated as UGX and represented by the symbol USh. Replacing the East African Shilling, the Ugandan Shilling was established in the wake of Uganda’s independence, marking a new era in the nation's economic journey.

Historical Background

The introduction of the Ugandan Shilling was a pivotal step in post-independence Uganda. It symbolized the country's break from its colonial past and its commitment to forging an independent economic path. The Ugandan Shilling's establishment coincided with Uganda's broader efforts to build a self-sustaining and diversified economy.

Design and Symbolism

The design of the Ugandan Shilling reflects the country's rich cultural heritage, natural resources, and wildlife. Banknotes and coins feature images of notable Ugandan figures, local flora and fauna, and key economic activities. These designs are not just utilitarian; they narrate Uganda's history, celebrate its cultural diversity, and showcase its natural beauty, thereby instilling a sense of national identity and pride.

Economic Role

The Ugandan Shilling plays a crucial role in Uganda’s economy, which includes significant sectors like agriculture, tourism, and manufacturing. As the primary medium of exchange, it supports these sectors, enabling trade, facilitating investment, and aiding the daily financial transactions of Ugandans.

Monetary Policy and Stability

Managed by the Bank of Uganda, the Shilling has faced various economic challenges, including inflation and currency volatility. The central bank's monetary policies focus on stabilizing the Shilling, controlling inflation, and fostering a conducive environment for economic growth and stability.

International Trade and the Ugandan Shilling

In international trade, the value of the Shilling is crucial, particularly for Uganda’s exports, such as coffee, tea, and gold. A stable Shilling is essential for maintaining competitive export prices and for managing the import of essential goods.

Remittances and Economic Impact

Remittances from Ugandans working abroad, especially in the Middle East, Europe, and North America, are a significant source of foreign income. These remittances, converted into Shillings, support many families and contribute to the national economy, providing a vital buffer against economic challenges.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
Sh68,061.24
0.0200% / 0.0320%vip-iconcalculator.compare.vip
Binance
Sh68,061.24
0.1000% / 0.1000%
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OKX
Sh68,134.38
0.080% / 0.100%
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Huobi
Sh68,076.96
0.1000% / 0.1000%
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Gate.io
Sh68,035.64
0.1000% / 0.1000%
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Bybit
Sh68,207.53
0.1000% / 0.1000%
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KuCoin
Sh68,111.34
0.1000% / 0.1000%
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Bitfinex
Sh68,068.55
0.1000% / 0.1000%
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$2.77B
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$119.28M
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149.37M ETC

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0.5 ETC
Sh33,924.06
1 ETC
Sh67,848.12
5 ETC
Sh339,240.59
10 ETC
Sh678,481.18
50 ETC
Sh3,392,405.9
100 ETC
Sh6,784,811.81
500 ETC
Sh33,924,059.03
1000 ETC
Sh67,848,118.05

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0.5UGX0.{5}7369  ETC
1UGX0.{4}1474  ETC
5UGX0.{4}7369  ETC
10UGX0.0001474  ETC
50UGX0.0007369  ETC
100UGX0.001474  ETC
500UGX0.007369  ETC
1000UGX0.01474  ETC

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0.5 ETC$9.28$9.68
-4.18%
1 ETC$18.55$19.36
-4.18%
5 ETC$92.76$96.8
-4.18%
10 ETC$185.52$193.61
-4.18%
50 ETC$927.59$968.04
-4.18%
100 ETC$1,855.17$1,936.09
-4.18%
500 ETC$9,275.86$9,680.45
-4.18%
1000 ETC$18,551.73$19,360.89
-4.18%

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0.5 ETC$9.28$9.28
-0.04%
1 ETC$18.55$18.56
-0.04%
5 ETC$92.76$92.8
-0.04%
10 ETC$185.52$185.59
-0.04%
50 ETC$927.59$927.97
-0.04%
100 ETC$1,855.17$1,855.94
-0.04%
500 ETC$9,275.86$9,279.72
-0.04%
1000 ETC$18,551.73$18,559.44
-0.04%

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0.5 ETC$9.28$8.9
+4.19%
1 ETC$18.55$17.81
+4.19%
5 ETC$92.76$89.03
+4.19%
10 ETC$185.52$178.06
+4.19%
50 ETC$927.59$890.3
+4.19%
100 ETC$1,855.17$1,780.6
+4.19%
500 ETC$9,275.86$8,902.98
+4.19%
1000 ETC$18,551.73$17,805.96
+4.19%

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