Changing money in Uganda

CHANGING MONEY IN UGANDA

Currency Exchange Options:

1. Banks: Reliable and common option. Bring your passport. Examples: Stanbic Bank, Barclays Bank, Standard Chartered Bank.

2. Forex Bureaus: Specialize in currency exchange, competitive rates. Choose reputable and licensed bureaus.

3. Hotels and Lodges: Some offer currency exchange, but rates may be less favorable. Compare rates before exchanging.

Currency and Denominations:

• Official currency: Ugandan shilling (UGX)

• Banknotes: 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000 shillings

• Coins: 50, 100, 200, 500, and 1,000 shillings

Tips for Changing Money:

1. Exchange sufficient amount for immediate needs.

2. Check current exchange rates before exchanging.

3. Use authorized services (banks, licensed forex bureaus).

4. Keep transaction receipts for possible conversion later.

5. Carry cash and cards, including US dollars or euros as backup.

6. Be cautious, avoid street exchanges or unauthorized individuals to prevent scams or counterfeit currency.