Currency and Payment Methods
When travelling to Uganda, it’s important to know the local currency and how best to manage your finances. Here is an overview of currency and payment methods to help you plan effectively:
Official Currency
- The official currency is the Ugandan Shilling (UGX), available in both coins and banknotes.
- Common denominations include 1,000, 5,000, 10,000, 20,000, and 50,000 UGX
Currency Exchange
- Foreign currencies such as US Dollars (USD), Euros (EUR), and British Pounds (GBP) are widely accepted for exchange.
- USD notes dated after 2009 are preferred to avoid issues with exchange or payment.
- Currency can be exchanged at banks, forex bureaus, or authorized hotels. Forex bureaus usually offer better exchange rates than hotels or airports.
Use of Cash
- Cash is king in Uganda, especially in rural areas and small businesses where electronic payments may not be accepted.
- For local markets, food stalls, and transportation services like boda bodas (motorcycle taxis), having small denominations is essential.
Credit and Debit Cards
- Major credit cards such as Visa and Mastercard are accepted in high-end hotels, restaurants, and supermarkets in cities like Kampala and Entebbe.
- However, outside urban centres, card acceptance is limited, and it’s advisable to carry cash.
ATMs & Withdrawals
- ATMs are available in cities and large towns, with MTN, Stanbic Bank, and Barclays offering reliable services.
- ATM withdrawals dispense Ugandan Shillings only, and some machines may limit daily withdrawal amounts. It’s also worth noting that international transaction fees may apply.
Mobile Money Payments
- Mobile money services, such as those offered by MTN and Airtel, are widely used for domestic transactions.
- Tourists can easily register for a temporary SIM card to access mobile payment options, which are convenient for local transfers and bills.
Tips for Tourists
- Always carry cash when visiting remote areas, as ATMs may be unavailable or unreliable.
- Avoid exchanging large sums of money with street vendors to prevent scams or counterfeit bills.