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5 Shillings
| Issuer | Bank of Uganda |
|---|---|
| Year | 1987 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Weight | 3.50 g |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | Log in to see details |
| Reverse script | Latin |
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| Additional information |
Uganda's 1987 coinage was struck during one of the most turbulent monetary periods in the country's post-independence history. The economy had been gutted by nearly two decades of mismanagement and civil conflict, and the Ugandan shilling had collapsed so severely that by the mid-1980s the government was issuing banknotes in denominations that rendered small coinage essentially worthless in real purchasing terms. The switch to nickel plated steel for this issue reflects cost-cutting by a treasury with almost no hard currency reserves.
Yoweri Museveni had taken power just the previous year, and the new government would soon replace the shilling altogether in a 1987 redenomination at 100:1.