Trinidadian Dollar in Ugandan Shilling

TTD Trinidadian Dollar

Country of application:
Trinidad and Tobago

Coin denominations in circulation:
1, 5, 10, 25, 50 cents.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100 dollars.

History reference:
The dollar (currency code - TTD) has been the official currency of the Republic of Trinidad and Tobago since 1964 (before that, the British West Indies dollar was in circulation in the country). The ...history of currency in the former British colony of Trinidad and Tobago is closely linked to the history of the British Eastern Caribbean territories as a whole. The first currency used was the Spanish dollar, also known as the "figure of eight", which began to circulate in the 16th century. Proposals for the establishment of landowner-oriented banks in the West Indies were made in 1661 by the British government and in 1690 by Sir Thomas Dalby. Despite this, and the Queen Annes Proclamation of 1704, which brought the West Indies on the gold standard, the eight silver coins (Spanish dollars and then Mexican dollars) continued to form the bulk of circulating currency well into the second half of the nineteenth century.

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.