500 Shillings

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.