Ugandan Shilling

M2 money supply, indexed to 2001 = 100

Every line goes up — that’s the point. Angle of attack tells the story.

All series matched through 2024; some central-bank sources lag a year or two.

Log scale

USDEURJPYGBPCNYCHFCADAUDINRBRLUGX

UGX highlighted against the top 10 reserve currencies — M2 broad money, indexed to 2001 = 100. UGX series: IMF IFS via DBnomics, as of 2025.

Ugandan Shilling M2 money supply

Broad money in UGX (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.

278 data points · monthly granularityLog scale

Ugandan Shilling inflation history

Annual CPI YoY since 1994 — World Bank consumer price index for Uganda. Inflation volatility is one of three inputs into the Money2069 sound-money score.

Frequently asked questions

Who issues the Ugandan Shilling?+

The Ugandan Shilling (UGX) is issued by Bank of Uganda. As the monetary authority for Uganda, it sets policy interest rates, manages foreign reserves, and controls the money supply.

What is the inflation rate of the Ugandan Shilling?+

Latest available consumer price inflation for the Ugandan Shilling: 3.58% YoY (2025). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.

Has the Ugandan Shilling been debased?+

Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 143% over the past decade. Combined with cumulative inflation, this is the gap between UGX as accounting unit and UGX as a store of value.

Is the Ugandan Shilling sound money?+

On the Money2069 0–100 sound-money scale, the Ugandan Shilling currently scores 75.0. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.

How does the Ugandan Shilling compare to gold or the US dollar?+

Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.

How often is this data updated?+

We pull fresh exchange rates daily from Frankfurter (ECB-sourced), with Exchange Rate API covering currencies the ECB doesn't quote, and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.

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