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100 Shillings Horse, steel

Issuer Bank of Uganda
Year 2004
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Composition Steel
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Reverse lettering · BANK OF UGANDA · 2004 HORSE
Edge Plain
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Additional information

Uganda's shilling had collapsed so thoroughly by the 1980s that 100 shillings was effectively worthless — yet by 2004, after two decades of monetary reform under the Bank of Uganda, the denomination had regained enough purchasing power to justify a circulating coin. The steel composition adopted for this issue reflects the same cost-containment pressures that drove most African central banks away from cupro-nickel during the early 2000s.

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