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100 Shillings Horse, nickel plated steel

Issuer Bank of Uganda
Year 2004
Type Non-circulating coin
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Reverse lettering · BANK OF UGANDA · 2004 HORSE
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Mintage 2004
Additional information

Uganda decimalized its currency in 1966, but the shilling only stabilized as a genuinely functional unit after the economic wreckage of the Amin and Obote years was addressed through IMF-backed reforms in the 1980s and 1990s. By 2004, the 100-shilling denomination had lost enough real purchasing power that the Bank of Uganda was actively reconsidering the lower end of its coin series — this issue effectively represents the denomination's twilight years before the 2010 coinage reform rationalized the circulating series.

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