The World Bank reports that the 1987 Ugandan currency conversion confiscated 30 percent of the value of balances; this is not adequately described by a nominal rescaling ratio alone. ^[1]

The indexed Bank of Uganda timeline dates its first national coin to 2 January 1967, a distinct milestone from opening the bank in August 1966. ^[2]

Turning points

1987: 30 percent balance confiscation reported; exemptions unresolved

Conversion levy reported

Inference: The World Bank reports that the 1987 Ugandan currency conversion confiscated 30 percent of the value of balances; this is not adequately described by a nominal rescaling ratio alone. ^[1]

Sources and evidence

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“Ugandan shilling.” The Family Tree of Money. © Field Technologies, Inc. Reader edition 2026-10-13; research dataset v44. https://familytreeofmoney.org/currency/FTM000235.html

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