Uganda's shilling had collapsed so thoroughly by the 1980s that 100 shillings was effectively worthless — a consequence of Milton Obote's second government presiding over inflation that peaked above 200% annually. The denomination was only rehabilitated after successive stabilization programs through the late 1980s and 1990s restored enough purchasing power for a 100-shilling coin to function in daily commerce again.
The nickel-plated steel composition adopted for this 2004 issue reflects cost-driven decisions common across East African mints during that period, as solid nickel was abandoned in favor of cheaper plated blanks.
Uganda's shilling had collapsed so thoroughly by the 1980s that 100 shillings was effectively worthless — a consequence of Milton Obote's second government presiding over inflation that peaked above 200% annually. The denomination was only rehabilitated after successive stabilization programs through the late 1980s and 1990s restored enough purchasing power for a 100-shilling coin to function in daily commerce again.
The nickel-plated steel composition adopted for this 2004 issue reflects cost-driven decisions common across East African mints during that period, as solid nickel was abandoned in favor of cheaper plated blanks.