greetings people,
several friends inquire with me on the meaning of UGX.
The meaning of UGX is the currency abbreviation for the Ugandan shilling (UGX), the currency for Uganda. The Ugandan shilling is made up of 100 cents and is often presented with the symbol USh. Even though the shilling is made up cents, no subdivisions have been used since the currency was revalued in 1987.
The ugandan shilling (UGS) was first introduced in 1966 and replaced the East African shilling at par. After many years of high inflation, the value of the shilling had decreased to a point at which it was necessary to introduce the new shilling in force today (UGX). The new shilling replaced the old at a rate of 100:1.
Although the new shilling is a very stable currency and is used in most transactions in Uganda, the U.S. Dollar (USD), Great Britain pound (GPB) and the euro (EUR) are also widely used.
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Posted 8 months ago #
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you'd better pay special attention to trade related logic like the notion that the ISK-PKR is supposed to freeze for a while, and concentrate on primary sector related processes like, for example the fact that ISK-PKR rates will be affected by the changes in the electrical equipment imports, and due to that is going to come down, if yuo are interested in learning to analyze the present foreign exchange market trends.
Posted 8 months ago # -
i hear the effect of the market's recovery on the ISK in Pakistan has something to do with the fact that the cotton industry are probably going to to drop and cause changes in the ISK-PKR rates a fact would probably account for the ISK's alternation.
Posted 8 months ago # -
what extraordinary41 said
Posted 8 months ago #
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