New bank notes were introduced in Uganda on Saturday (27 January) following an announcement by the Defence Council earlier in the week.
New bank notes were introduced in Uganda on Saturday (27 January) following an announcement by the Defence Council earlier in the week. The new notes bear a portrait of President Idi Amin and have been introduced, according to the Defence Council, to commemorate General Amin's achievement in launching Uganda's economic war to place the economy in the hands of the indigenous people. This is the first time a Ugandan leader's portrait has appeared on banknotes. The old bank-notes, which contain mainly political symbols, cease to be legal tender on 9th February 1973.
Ugandan border guards have been instructed to search anyone entering the country to ensure that old currency notes do not find their way back into Uganda. Even diplomatic luggage has ben searched. Uganda is anxious that any "old" currency previously smuggled out shall not be smuggled back for exchange.
SYNOPSIS: Following the introduction of new currency in Uganda, people have been flocking to banks to exchange their old notes. The new currency bears a portrait of President Amin. Uganda's Defence Council announced that the change-over was to commemorate General Amin's achievement in launching what they called Uganda's "economic war", to place the economy in the hands of the indigenous people.
The new notes' appearance is in sharp contrast to the old one-hundred shilling notes which bear mainly political symbols. They cease to be legal tender on February 9th.
As Ugandans change over to this new currency bearing General Amin's portrait, border guards have received instructions to search anyone entering Uganda, to prevent the return of old notes previously smuggled out.