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Currency & Costs
The local currency is known
as the Ugandan shilling. There are no restrictions on currency exchange, though the import
and export of local currency is prohibited. Foreign currency can be imported freely on
declaration at the airport, but it is advisable to obtain a currency declaration form on
arrival in Uganda. Unspent shillings can be converted into a foreign currency at the time
of departure.
Banks & Money Changers
Banking hours are 9am to
3pm Monday through Friday, and 9am to 12 noon on Saturdays. The commercial banks work
8:30am to 2pm Monday to Friday. Private banks are open on Saturdays too from 8:30am to
5pm. There is a bank at Entebbe International Airport for incoming and outgoing
passengers.
You require a valid
passport to change travellers’ cheques. It is important to remember that notes in
small denominations are changed at reduced rates – the difference can sometimes be up
to 5%. Licensed forex bureaus are found in all major cities, especially the capital city,
Kampala. It makes a lot of sense to exchange a substantial amount of currency before you
are travel to non-urban areas. Credit cards are accepted in the major cities only. ATM
facility is available in limited banks and outlets.
Business Guide
English is the language
used for business discussion and business suits and ties are best worn for meetings and
during office hours. Business hours commence at 0830 and finish at 1700 Monday through
Friday. Appointments should always be made. |
