Money and Currency

Overview & Features

The Ugandan shilling (UGX) is a relatively stable currency. Cash can be changed easily at major banks and foreign exchange (forex) bureaus.The forex bureaus offer slightly better exchange rates than the banks. At both banks and forex bureaus, small US dollar bills attract a much lower exchange rate than do US$50 and US$100 notes, and the rate for travelers cheques is about 2% lower than they are for cash.

Bargaining is necessary in informal transactions such as those at markets and roadside stalls, but not in shops that display fixed prices.

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