If you’re planning a trip to Uganda, one of the first questions you’ll face is: how and where should I change my money? Understanding the currency, exchange options, and local payment habits will help you travel more confidently and avoid unnecessary fees.
Here’s a practical guide to changing money in Uganda—whether you’re arriving in Entebbe, heading on safari, or staying in the city.
What is the Currency in Uganda?
The official currency is the Ugandan Shilling (UGX). Notes come in denominations of 1,000 to 50,000 UGX, while coins range from 50 to 1000 UGX.
Pro Tip: Locals often quote prices in thousands. So “5k” means 5,000 UGX.
Can I Use US Dollars or Other Foreign Currencies?
Yes—US dollars are widely accepted at high-end hotels, safari lodges, and tour companies. However, for local purchases, transport, food, and shopping, you’ll need Ugandan Shillings.
IMPORTANT: Only US dollar bills from 2009 or newer, clean, and unmarked are accepted. Old, torn, or defaced notes will be rejected.
Where to Change Money in Uganda
1. Forex Bureaus (Currency Exchange Offices)
- Found in major towns like Kampala, Entebbe, Jinja, and Fort Portal.
- Offer better rates than banks or airports.
- No paperwork or ID required for small amounts.
- Always count your money before leaving the counter.
Popular forex bureaus:
- Entebbe: Victoria Forex, near the airport
- Kampala: Half London Forex, Metropolitan Forex
- Jinja: Nile Forex Bureau
2. Banks
- More secure but usually offer lower exchange rates.
- May require your passport for transactions.
- Useful if you’re exchanging large sums or in remote towns with fewer forex options.
Major banks with forex services:
- Stanbic Bank
- ABSA Bank
- Centenary Bank
- DFCU Bank
3. ATMs
- You can withdraw local currency using international debit or credit cards (Visa/MasterCard).
- Available in most cities and towns, though rare in rural areas.
- Withdrawal fees may apply from both your bank and the local ATM provider.
- Limits usually range between 400,000–1,500,000 UGX per withdrawal.
Avoid Black Market Exchanges
It may be tempting to exchange with unofficial money changers on the street—but it’s illegal and risky. You could end up with counterfeit notes or be short-changed.
Always use licensed forex bureaus or recognized banks.
Using Credit & Debit Cards in Uganda
- Accepted in high-end hotels, major supermarkets, and upscale restaurants.
- Visa is more widely accepted than MasterCard or American Express.
- Expect a 3–5% surcharge on card payments.
- Mobile money (like MTN Mobile Money) is widely used—but mostly by locals with Ugandan SIM cards.
Exchange Rate Tips
- Rates fluctuate—check daily rates online or compare rates at several bureaus before exchanging.
- Better rates are offered for larger denominations ($50 and $100 notes).
- Small notes ($1, $5, $10, $20) are exchanged at lower rates.
You can check the current exchange rate at:
https://www.xe.com/currencyconverter/
Quick Traveler Tips
- Carry some cash in both USD and UGX for flexibility.
- Keep small UGX bills for tips, taxis, and small shops.
- Safely store your cash in multiple places (not all in one wallet).
- Always get a receipt at forex bureaus or banks for reference.
Conclusion
Changing money in Uganda is simple if you know where to go and what to avoid. Bring newer US dollars, exchange at licensed forex bureaus or banks, and keep some cash handy for those beautiful off-the-beaten-path moments where card machines and ATMs won’t reach.
With your wallet ready and shillings in hand, you’re all set to explore the Pearl of Africa!