Swedish Krona in Ugandan Shilling

SEK Swedish Krona

Country of application:
Sweden

Coin denominations in circulation:
10, 5, 1 krone.

Denominations of banknotes in circulation:
1,000, 500, 100, 50 and 20 kroons.

History reference:
The krone is the currency of Sweden. The Swedish krona was introduced into circulation in 1873, as a result of the formation of the Scandinavian Monetary Union, which lasted until the First World War.... The new monetary unit replaced the riksdaler that had been in circulation before. The Scandinavian countries became members of the union, with the name of the currency krona in Sweden and krone in Denmark and Norway, which means “crown” in Scandinavian languages. After the collapse of this association, all three countries decided to keep the name, but for their own currencies. By tradition, on the front side of a coin in denominations of one crown, a portrait of the monarch of Sweden is depicted, and on the reverse side one of the coats of arms of Sweden, or a crown. The coin also bears the kings motto.

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.