Bill counter for African currencies
In May 2010, the Bank of Uganda introduced a new series of banknotes with a completely different design from the previous ones.
It is the first time in Uganda's history that new banknotes have been issued for reasons unrelated to politics. During the presentation of the new series of banknotes, the Governor of the Bank of Uganda Prof. Emmanuel Tumusiime-Mutebile placed special emphasis on the fact that it is the first time that the Bank of Uganda has produced new banknotes without government intervention.
Indeed, the government did not know until well into the project that the Bank of Uganda was prepared for the launch of this new series of banknotes.
Political Turmoil
The Republic of Uganda, with a population of 32 million people, is a landlocked country in East Africa. It borders Kenya, Sudan, Congo, Rwanda, and Tanzania. The country began to manufacture its own currency in 1966 after gaining independence from the United Kingdom. Until 1986, political turmoil was incessant. It was precisely in 1986 when political stability came to Uganda with the arrival of President Museveni. The following year the Ugandan Shilling was revalued due to high inflation and a new series of banknotes was issued.
Over the next 20 years, Museveni transformed the country into what it is today: an economic miracle, inflation fell by 5% and a 7% growth was recorded in 2008. The new series of banknotes aims to symbolize this new era of prosperity.
The face of this new series of banknotes displays the country's most popular ornaments, while on the reverse it shows the map of Uganda, as well as images of wildlife.
The denominations of the new banknotes are as follows: 1000, 5000, 10000, 2000, and 50000 Shillings as well as a new denomination of 2000 which is equivalent to a value of 0.95 USD.
The new banknotes are smaller in size than the previous ones which continue to be legal tender until further notice.
