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Uganda Shilling - Death Wish
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Cde Monomotapa
#11 Posted : Thursday, June 30, 2011 5:19:07 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
dunkang wrote:
Somebody help me. What is Ug's biggest/largets legal tender i.e. As Kenya is to 1000/=, Zimbabwe is to Z$10,000,000, uganda is to ------?

FYI:Zim abandoned the Zim Dollar in '09. The economy now runs on the USD and other majors. The ZSE is now the only African bourse listed in USD.
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jguru
#12 Posted : Thursday, June 30, 2011 5:21:07 PM
Rank: Veteran

Joined: 10/25/2007
Posts: 1,574
dunkang wrote:
Somebody help me. What is Ug's biggest/largets legal tender i.e. As Kenya is to 1000/=, Zimbabwe is to Z$10,000,000, uganda is to ------?


50,000 shillings is the largest Ugandan currency note.
Set out to correct the world's wrongs and you will most certainly wind up adding to them.
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mzee mzima1
#13 Posted : Thursday, June 30, 2011 5:55:24 PM
Rank: New-farer

Joined: 6/18/2011
Posts: 13
Location: pwani
where can i change dollars to uganda sh whats the best rate i can get
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Cde Monomotapa
#14 Posted : Thursday, June 30, 2011 6:23:51 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
dunkang wrote:
Somebody help me. What is Ug's biggest/largets legal tender i.e. As Kenya is to 1000/=, Zimbabwe is to Z$10,000,000, uganda is to ------?

FYI:Zim abandoned the Zim Dollar in '09. The economy now runs on the USD and other majors. The ZSE is now the only African bourse listed in USD.

...and thus Zim's latest inflation for May is @ 2.7% but u'll never hear that side of the story. nkt! media.
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  | | Edit by user: Thursday, June 30, 2011 7:21 PM | Reason: $$
VituVingiSana
#15 Posted : Thursday, June 30, 2011 6:29:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,378
Location: Nairobi
jguru wrote:
dunkang wrote:
Somebody help me. What is Ug's biggest/largets legal tender i.e. As Kenya is to 1000/=, Zimbabwe is to Z$10,000,000, uganda is to ------?


50,000 shillings is the largest Ugandan currency note.
Value dropping like a rock thrown from a cliff!

As someone said this piece of crap currency is heading to 3,000 vs US$

museveni is another mugabe & it is showing in the currency...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#16 Posted : Thursday, June 30, 2011 8:22:57 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde. R.G Mugabe. True revolutionary, Pan-african & may he be life President of Zimbabwe.
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Sober
#17 Posted : Thursday, June 30, 2011 8:33:08 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
FUNKY wrote:
This can't be a co incidence the the KES,Ugandan Shilling and Tanzanian Shilling have all weakened against the dollar. There must something that is leading to the weakening of our currency when other worldwide currencies are strengthening against the $$$




i have a strong feeling that it is the kenyaa shilling weakening against the USD and since the regional currencies are pegged to that they follow suit.

my two cents.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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VituVingiSana
#18 Posted : Thursday, June 30, 2011 11:27:51 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,378
Location: Nairobi
Sober wrote:
FUNKY wrote:
This can't be a co incidence the the KES,Ugandan Shilling and Tanzanian Shilling have all weakened against the dollar. There must something that is leading to the weakening of our currency when other worldwide currencies are strengthening against the $$$

i have a strong feeling that it is the kenyaa shilling weakening against the USD and since the regional currencies are pegged to that they follow suit.
my two cents.
This turd stinks worse than the KES. And it will not flush away. It floats to remind me of the stupid decision I made going into a country where the head pig's heroes are gaddafi & mugabe!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#19 Posted : Friday, July 01, 2011 3:16:17 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Historically, the Botswana Pula (BwP) experienced similar weakness during the exploration stages of its diamond resource. The reversal to strength of the currency after diamond sales commenced made smart fellows richer. Hence, same story, different cast. UG is no exception. It is more of a patience than a money game perse ~ Respect the game & the game will respect you.
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  | | Edit by user: Friday, July 01, 2011 3:31 AM | Reason:
Cde Monomotapa
#20 Posted : Friday, July 01, 2011 3:21:33 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Cde. R.G Mugabe. True revolutionary, Pan-african & may he be life President of Zimbabwe.

The machinations of the West on this country created a GREAT oppurtunity to accumilate distressed yet quality long-term assets. The race is not for the swift...
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