Danish Krone in Ugandan Shilling

DKK Danish Krone

Country of application:
Denmark, Greenland, Faroe Islands

Coin denominations in circulation:
20, 10, 5, 2, 1 krone, as well as 50 ore.

Denominations of banknotes in circulation:
1,000, 500, 200, 100 and 50 kroons.

History reference:
The Danish krone is the national currency of Denmark, which is also used in Greenland and the Faroe Islands. The Kingdom of Denmark is a community of states and self-governing territories united unde...r a constitutional monarchy, which consists of three autonomous entities: Denmark, Greenland and the Faroe Islands. The Danish currency is pegged to the euro at a fixed exchange rate of 7.4 kroons to 1 euro, which is expected to be maintained until the country joins the eurozone. The Danish currency is used for cash payments and wire transfers in Greenland. It is also in circulation in the Faroe Islands at a 1:1 local krone exchange rate.

UGX Ugandan Shilling

Country of application:
Uganda

Coin denominations in circulation:
100, 200, 500 shillings.

Denominations of banknotes in circulation:
1,000, 2,000, 5,000, 10,000, 20,000, 50,000 shillings.

History reference:
The Ugandan shilling is the currency of Uganda. The territory of Uganda occupies the central part of the elevated East African Plateau and covers a large number of rivers and freshwater lakes, among ...which lakes Victoria, Kyoga, George, Edward and Albert should be distinguished. The total area of Uganda exceeds 236 thousand square kilometers. The Ugandan shilling was introduced on 15 August 1966 to replace the East African shilling issued by the East African Monetary Authority for Kenya, Uganda, Tanganyika and Zanzibar. With the release of the national currency, the exchange of East African shillings 1: 1 for it and their gradual withdrawal from circulation began. From October 21 to October 29, 1979, the government carried out the first currency denomination. Due to high inflation, on May 18, 1987, another monetary reform was carried out, as a result of which a new Ugandan shilling was introduced at an exchange rate of 100: 1. But even this currency was already replaced in 2004 by the currency with the original name - the Ugandan shilling, which, due to the instability of the countrys economy, produces ever higher denominations.