Taiwan New Dollar in Ugandan Shilling

TWD Taiwan New Dollar

Country of application:
Republic of China (Taiwan)

Coin denominations in circulation:
1, 5, 10, 50 New Taiwan dollars.

Denominations of banknotes in circulation:
New Taiwanese dollars 100, 500, 1000.

History reference:
The New Taiwan Dollar is the currency of Taiwan. The Chinese term "New Taiwan dollar" (literally "new Taiwanese currency") is generally only used in banking and legal documents to avoid possible ambi...guity. In Taiwan, the term yuan is widely used in writing, and quai is also used in conversation. The New Taiwan Dollar was issued on June 15, 1949, replacing the Taiwan Dollar, which had been subject to inflation since the end of the Chinese Civil War. The exchange was carried out in the amount of NT$40,000 for NT$1.

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.