Uganda Lira History: A Look at the East African Currency
The Uganda Lira is the official currency of Uganda, a country located in East Africa. The Lira has a long and interesting history, having been in use for over a century. This article will explore the history of the Uganda Lira, from its first introduction in the late 19th century to its current status as the official currency of the country.
The Uganda Lira was first introduced in 1897, when the British East Africa Company took control of the region. The East African Company issued the currency in both coins and paper notes. The coins were denominated in shillings, pence, and farthings, while the paper notes were denominated in lira. The coins were made of bronze and copper, and were inscribed with the words "Uganda Lira" in English and Arabic. The paper notes were printed on both sides and featured the face of an African warrior on one side and the coat of arms of the United Kingdom on the other.
In the early 20th century, the Uganda Lira was replaced by the East African shilling. This new currency was used until the independence of Uganda in 1962, when the country adopted its own currency, the Uganda shilling. The Uganda shilling was issued in both coins and paper notes, and was initially pegged to the British pound.
In 1966, the Uganda shilling was replaced by the Uganda Lira, which was pegged to the US dollar. This new currency was issued in both coins and paper notes, and featured the face of an African warrior on one side and the coat of arms of Uganda on the other. The coins were made of bronze and copper, and were inscribed with the words "Uganda Lira" in English and Arabic.
In 1986, the Uganda Lira was revalued, and the new currency was issued in both coins and paper notes. The coins were made of nickel-plated steel and were inscribed with the words "Uganda Lira" in English and Arabic. The paper notes were printed on both sides and featured the face of an African warrior on one side and the coat of arms of Uganda on the other.
The Uganda Lira is currently the official currency of Uganda, and is still used in the country today. The currency is pegged to the US dollar, and is issued in both coins and paper notes. The coins are made of nickel-plated steel, and are inscribed with the words "Uganda Lira" in English and Arabic. The paper notes are printed on both sides and feature the face of an African warrior on one side and the coat of arms of Uganda on the other.
The Uganda Lira is an important part of the history of Uganda, and a reminder of the country's past. The currency has been in use for over a century, and is still used today. It is a symbol of the country's economic stability and strength, and is an important part of the national identity.