Tuesday, June 2, 2026
  • News
    • Latest News
    • Breaking News
    • Fact Check
    • Investigations
    • Explainers
  • Politics
    • Global Politics
    • Elections
    • Government & Policy
    • Diplomacy
    • Conflicts & Security
    • Political Analysis
  • Business
    • Global Economy
    • Markets
    • Technology
    • Startups
    • Energy
    • Finance
  • World News
    • Americas
    • Asia
    • Asia Pacific
    • Africa
    • Europe
    • Middle East
  • Africa
    • Central Africa
    • East Africa
    • West Africa
    • Southern Africa
  • Health
    • Global Health
    • Public Health
    • Health Policy
    • Medical Research
    • Diseases & Conditions
    • Mental Health
    • Nutrition
    • Climate & Health
    • Health Explainers
  • Sports
    • Athletics
    • Basketball
    • Boxing
    • Cricket
    • Football
    • Formula 1
    • Golf
    • Rugby
  • Weather
    • Climate Business
    • Climate Change
    • Climate Solutions
    • Living Green
  • Culture
    • Arts
    • Film & TV
    • Food
    • Music
    • Lifestyle
    • Travel
  • Opinion
    • Editorials
    • Letters
  • Behind The Brand
REGISTER
LOGIN
No Result
View All Result
The Kenya Times
  • News
    • Latest News
    • Breaking News
    • Fact Check
    • Investigations
    • Explainers
  • Politics
    • Global Politics
    • Elections
    • Government & Policy
    • Diplomacy
    • Conflicts & Security
    • Political Analysis
  • Business
    • Global Economy
    • Markets
    • Technology
    • Startups
    • Energy
    • Finance
  • World News
    • Americas
    • Asia
    • Asia Pacific
    • Africa
    • Europe
    • Middle East
  • Africa
    • Central Africa
    • East Africa
    • West Africa
    • Southern Africa
  • Health
    • Global Health
    • Public Health
    • Health Policy
    • Medical Research
    • Diseases & Conditions
    • Mental Health
    • Nutrition
    • Climate & Health
    • Health Explainers
  • Sports
    • Athletics
    • Basketball
    • Boxing
    • Cricket
    • Football
    • Formula 1
    • Golf
    • Rugby
  • Weather
    • Climate Business
    • Climate Change
    • Climate Solutions
    • Living Green
  • Culture
    • Arts
    • Film & TV
    • Food
    • Music
    • Lifestyle
    • Travel
  • Opinion
    • Editorials
    • Letters
  • Behind The Brand
  • News
    • Latest News
    • Breaking News
    • Fact Check
    • Investigations
    • Explainers
  • Politics
    • Global Politics
    • Elections
    • Government & Policy
    • Diplomacy
    • Conflicts & Security
    • Political Analysis
  • Business
    • Global Economy
    • Markets
    • Technology
    • Startups
    • Energy
    • Finance
  • World News
    • Americas
    • Asia
    • Asia Pacific
    • Africa
    • Europe
    • Middle East
  • Africa
    • Central Africa
    • East Africa
    • West Africa
    • Southern Africa
  • Health
    • Global Health
    • Public Health
    • Health Policy
    • Medical Research
    • Diseases & Conditions
    • Mental Health
    • Nutrition
    • Climate & Health
    • Health Explainers
  • Sports
    • Athletics
    • Basketball
    • Boxing
    • Cricket
    • Football
    • Formula 1
    • Golf
    • Rugby
  • Weather
    • Climate Business
    • Climate Change
    • Climate Solutions
    • Living Green
  • Culture
    • Arts
    • Film & TV
    • Food
    • Music
    • Lifestyle
    • Travel
  • Opinion
    • Editorials
    • Letters
  • Behind The Brand
No Result
View All Result
The Kenya Times ~ Trending, Breaking News and Videos
No Result
View All Result
ADVERTISEMENT

Today in History: When Idi Amin Ordered His Minister to Print Money to Save Uganda’s Economy

Michael OwinobyMichael Owino
September 12, 2025
Reading Time: 4 mins read
Idi Amin Orders Printing Of More Money Amid Collapse Of Uganda’s Economy

Photo of the late Ugandan President Idi Amin. PHOTO/VOA Africa

FacebookTwitterLinkedInRedditWhatsApp
Advertisement

Idi Amin was in charge of Uganda for nearly nine years, from January 25, 1971, when he ousted President Milton Obote in a military coup, to April 11, 1979, when he was forced out by Tanzanian troops and Ugandan exiles during the Uganda-Tanzania War.

During his reign, Amin ruled with terror, leading to major human rights violations, political oppression, and violence.

Beyond his brutal leadership, Uganda’s economy suffered due to poor policies, including the mass expulsion of Asian people in 1972.

Idi Amin Expels Asians from Uganda

In August 1972, Amin expelled about 50,000 to 70,000 Asians of Indian and Pakistani descent, accusing them of economic sabotage, being corrupt, and not being loyal. He claimed they were exploiting Ugandans while sending profits abroad.

Amin gave them 90 days to leave, taking their businesses, homes, and assets to transfer them to Ugandans.

The expelled Asians had been crucial to Uganda’s economy, which involved trade, industry, and banking.

ADVERTISEMENT

Also Read: Today in History: When Alfred Mutua Called Obama a ‘Junior Senator’ After He Visited Kenya


After they left, their businesses were taken over by Amin’s supporters, many of whom were unfamiliar with the management of enterprises. 

This led to the failure of many businesses, causing shortages of goods, a reduced ability to export, and a collapse of financial services. Agriculture and cash crop production also fell as supply chains broke down.

Corruption and poor management under Amin’s “Ugandanisation” policy worsened the crisis, and foreign investors started to leave Uganda.

Amin Orders More Money to be Printed

By the late 1970s, Uganda was almost broke, facing hyperinflation, widespread poverty, and isolation from the international community.

To cover rising government costs, Idi Amin ordered his Ministry of Finance to print more money, doubling the cash supply between 1976 and 1978.

ADVERTISEMENT

A report from The Washington Post states that Amin personally asked a British money-printing company to print extra Ugandan currency.

A British agent shared that he discussed a contract to print 2 million shillings worth of 100-shilling notes directly with Amin. When the agent asked how he would be paid, Amin angrily replied, “Print 3 million and take 1 million for yourself.”

This decision caused hyperinflation, with prices for essentials like sugar, shoes, fuel, and clothing rising far beyond what ordinary Ugandans could afford.


Also Read: Today in History: When Mandela Fired Back at US for Criticizing His Relationships with Gaddafi, Castro and Arafat


Meanwhile, government officials and their allies wasted state money—stealing from banks, taking foreign currency abroad, and mismanaging businesses taken over after the Asians left. Half of the national budget went to defense, while social services were cut by more than 70 percent.

Important export crops like cotton, sugar, and coffee failed, forcing many farmers to rely on subsistence farming or smuggle goods into Kenya and Rwanda.

By the time Amin was removed from power in 1979, Uganda was deeply in debt, with destroyed industries, leaving its citizens to survive through black markets, bribery, and their resilience.

Follow our WhatsApp Channel and X Account for real-time news updates.

Idi Amin Orders Printing Of More Money Amid Collapse Of Uganda’s Economy
Photo of former Ugandan President Idi Amin Dada. PHOTO/The Criterion Collection
Tags: Idi Aminprinting of more moneyUganda's economy
Michael Owino

Michael Owino

Mr. Michael Owino is a Multimedia journalist and Voice Over artist with a Bachelor of Arts in Journalism and Mass Communication. He strives to bring stories to life through a variety of mediums. His primary interests lie in Technology and other human-interest stories.

Related Posts

Cdf Ogolla Appointment Triggered Coup Rumours, Ruto Explains

Ruto Recalls How Leaders Warned Him Against Appointing Francis Ogolla

June 2, 2026
High Court Orders Govt To Disclose All Agreements And Approvals On Ebola Facility

High Court Orders Govt to Disclose All Agreements and Approvals on Ebola Facility

June 2, 2026
The Temporary Closure Of Lenana Schools Comes Days After Multiple Schools Closed Due To Student Unrest And Fire Outbreak Incidences.

Lenana School Suspends Learning After Student Unrest

June 2, 2026
Maurice Ogeta Reveals Raila’s Last Moments In India

Maurice Ogeta Finally Reveals Raila’s Last Moments and How He Died 

June 2, 2026
ADVERTISEMENT

The Kenya Times Facebook

LATEST ARTICLES

  • Ruto Recalls How Leaders Warned Him Against Appointing Francis Ogolla
  • Trump Nominates Diplomat Henry Wooster as US Ambassador to Kenya
  • High Court Orders Govt to Disclose All Agreements and Approvals on Ebola Facility
  • Opinion | How Kenya Failed the Girls of Utumishi Academy
  • Lenana School Suspends Learning After Student Unrest
  • Maurice Ogeta Finally Reveals Raila’s Last Moments and How He Died 
  • Ruto Explains Why He Allowed US to Have Ebola Quarantine at Laikipia Air Base
  • Opinion | The Mother Who Hates Her Own Children: Kenya’s Moral Collapse
  • Bolt Sets the Record Straight on Reports of Shutting Down in Kenya
  • Ex-Catholic Priest Arrested Over Calls to Overthrow Ruto
  • Nairobi Mentioned as Trump Cut Number of Embassies in Africa
  • Why Transgender Troops Can Now Serve in the U.S. Military
  • “I Couldn’t Care Less” Trump Responds After Iran Ends Talks With US
  • Jill Biden Reveals Regret Over Joe Biden’s 2024 Run in New Interview
  • Stars Abroad: Moses Shumah, Kenyan Striker Breaking Records in Zambia
ADVERTISEMENT

Company

About Us

Our Authors

Our Experts

Social Media

Policies

Privacy Policy

House Rules

Standards and Policies

Terms and Conditions

Subscription

My Account

Contact Us

Contact Us

Join Our Team

Advertise With Us

© Copyright 2026 | The Kenya Times | All Rights Reserved

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Your Privacy and Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
LOGIN | REGISTER
  • Login
  • Sign Up
  • Cart
No Result
View All Result
  • News
    • Latest News
    • Breaking News
    • Investigations
    • Explainers
    • Fact Check
  • Politics
    • Global Politics
    • Conflicts & Security
    • Elections
    • Diplomacy
    • Government & Policy
    • Political Analysis
  • Business
    • Global Economy
    • Markets
    • Technology
    • Startups
    • Energy
    • Finance
  • World News
    • Americas
    • Asia
    • Asia Pacific
    • Africa
    • Europe
    • Middle East
  • Africa
    • East Africa
    • West Africa
    • Southern Africa
    • Central Africa
  • Health
    • Global Health
    • Public Health
    • Health Policy
    • Medical Research
    • Diseases & Conditions
    • Mental Health
    • Nutrition
    • Climate & Health
    • Health Explainers
  • Sports
    • Athletics
    • Basketball
    • Boxing
    • Cricket
    • Football
    • Formula 1
    • Golf
    • Rugby
  • Weather
    • Climate Business
    • Climate Change
    • Climate Solutions
    • Living Green
  • Culture
    • Arts
    • Film & TV
    • Food
    • Lifestyle
    • Music
    • Travel
  • Opinion
    • Editorials
    • Letters
  • Behind The Brand
  • Contact Us

Not enough quota to unlock this post
Unlock left : 0
Are you sure want to cancel subscription?