100 Shillings Horse, nickel plated steel

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.