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500 Shillings
| Issuer | Bank of Uganda |
|---|---|
| Year | 1994-1998 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANK OF UGANDA FOR GOD AND COUNTRY FIVE HUNDRED SHILLINGS SHILINGI MIA TANO LEGAL TENDER FOR FIVE HUNDRED SHILLINGS FOR BANK OF UGANDA 500 (Translation: Five hundred shillings) |
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| Protection type | Watermark, Security thread |
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| Comments |
Uganda's 500 Shilling note circulated during a period of relative monetary stabilization following the catastrophic inflation of the 1970s and 1980s, when the shilling had been rendered nearly worthless under successive governments. By the mid-1990s the Bank of Uganda was rebuilding credibility, and this denomination sat at a genuinely useful transactional level — not trivial, not large enough to be hoarded.
A print run of just over twelve million across a four-year span is modest for a working denomination, suggesting periodic rather than continuous production runs. The security thread specification for this series is a simple embedded strip, predating the more sophisticated windowed threads Uganda adopted in later issues.