Historic Gibraltar pound Ugandan Shilling

Gibraltar pound ugandan shilling history for August 2023. The highest quote for this month is 4715.77 (17/08/2023) and the lowest 4717.75 (17/08/2023). The difference between high and low is -0.04.

GIP UGX average rate for August 2023 is 4623.70333, the change between 01/08/2023 and 31/08/2023 is -0.35 %.

01 August 20231 GIP = 4590.04 UGX
03 August 20231 GIP = 4563.34 UGX
04 August 20231 GIP = 4543.11 UGX
07 August 20231 GIP = 4532.88 UGX
08 August 20231 GIP = 4558.59 UGX
10 August 20231 GIP = 4598.57 UGX
11 August 20231 GIP = 4685.82 UGX
14 August 20231 GIP = 4699.11 UGX
17 August 20231 GIP = 4714.43 UGX
18 August 20231 GIP = 4695.83 UGX
21 August 20231 GIP = 4696.68 UGX
28 August 20231 GIP = 4606.04 UGX

01/10/2022: Transition to digital currency

Gibraltar announced the introduction of a digital currency pegged 1:1 to the Gibraltar pound, making it one of the first jurisdictions to do so.

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

15/08/2019: Commencement of polymer £50 issuance

Polymer £50 banknotes were introduced, replacing the older paper £50 notes.

26/06/2018: New £100 banknote issued

A new £100 banknote featuring the image of Sir Joshua Hassan, first Chief Minister of Gibraltar, was issued.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

06/11/1988: Introduction of polymer banknotes

Polymer banknotes were introduced in Gibraltar, enhancing durability and counterfeit resilience.

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/02/1971: Currency tied to British pound

The Gibraltar pound became pegged to the British pound at a rate of 1:1, ensuring stability and ease of trade.

23/06/1969: Currency switch to decimalization

Gibraltar switched from the pound shilling pence system to a decimalized currency, with 100 pence equal to 1 pound.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.

07/03/1927: Introduction of Gibraltar pound

The Gibraltar pound was first introduced as the official currency of Gibraltar, replacing the Spanish peseta.