Pound Sterling to Ugandan Shilling — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Uganda

Currency Code, Symbol: UGX, USh

Denominations of coins in circulation: 100, 200, 500 shillings

Denominations of banknotes in circulation: 1,000, 2,000, 5,000, 10,000, 20,000, 50,000 shillings

History: The Ugandan shilling (Ush) is a currency used and issued by a state in East Africa – Uganda. The currency is not official in other countries. In the global currency arena, it is abbreviated to UGX.The Ugandan shilling can be divided into small coins. They are called cents. One UGX contains 100 cents. Officially, the currency has been issued since 1996, due to elimination of the previous official currency, the East African shilling. Recently, the currency has gone through a massive devaluation. Today, the Ugandan state issues notes of a new format and new denomination to minimize the consequences of the crisis.Read More