5 Shillings

Uganda's first independent banknote series, of which this is the lowest denomination, was issued in 1966 following the abolition of the East African Currency Board notes that had circulated across Kenya, Tanzania, and Uganda as a shared regional currency. The break from the Currency Board was a deliberate economic separation, not a crisis measure — Uganda established its own central bank in 1966 and this series marked the formal beginning of a distinct monetary identity.

Bradbury Wilkinson printed extensively for newly independent African states during the 1960s, and their New Malden facility handled much of this work. P#1 is the foundation of a short-lived series; the 1966 notes were superseded relatively quickly as Uganda's political situation deteriorated through the early 1970s.