UGX


Also found in: Acronyms.

UGX

The ISO 4217 currency code for the Uganda Shilling.

UGX

ISO 4217 code for the second Ugandan shilling. The new shilling replaced the old Ugandan shilling (UGS) in 1987 following a period of hyperinflation. The new shilling was issued at an exchange rate of 1 second shilling for 100 first shillings. The second shilling is stable, though there are plans to replace it with a common currency for the East African Community at the end of 2009. Currently, it is used in Uganda alongside the U.S. dollar, the British pound, and the euro.
Mentioned in ?
References in periodicals archive ?
We sell our products as Fair Trade products on the tea auction market in Mombasa and [in] 2013 we fetched over UGX 27 million (US$ 9,000).
The GoU [Government of Uganda] through the Kyenjojo District Local Government administration financially supports the clinic monthly and also in-kind by giving it assorted drugs, (Clinical Officer, MTGFL Clinic); When the district realized that we had put up a clinic, they partnered with us and provide 300,000 UGX every month to supplement our budget.
That is, farmers cultivating an average of one hectare made an average gross profit of UGX 0.
The non-linear relationship between income and expenditure on fast-food implies that an increase in income initially leads to an increase in fast-food expenditure; however, beyond a threshold of UGX 240,000, further increase in income leads to a reduction in fast-food expenditure.
On 31 October 2014 the first trading session of UGX took place, Dragon Capital, an investment company, initiated the set-up of UGX in July of this year.
The loans can be drawn in any combination of currencies - UGX, USD or EUR - for maturities of up to 10 years with grace periods included.
Arranged by African Alliance and executed as a tap sale on the original UGX bond issued in July 2012, this most recent note will be linked to the new two-year bond that the Government of Uganda intends to launch on May 23, but will re-price every two years at 85% of the weighted average yield to maturity on the latest Ugandan government bond benchmark, noted Olivier Eweck, Manager of African Currency Funding in the Treasury Department of AfDB.
The company has provided the boreholes at the cost of UGX.