Thursday 20 October 2022

23rd OCTOBER WILL MAKE 9 MONTHS WITH NO GOVERNOR AT BANK OF UGANDA: DOES THE BANK CONTINUE PRINTING NEW NOTES WITH A DEAD MAN’S SIGNATURE?

By William Kituuka Kiwanuka

We are all aware that paper money easily gets mutilated. 9 months since Prof. Tumusiime Mutebire died, a number of paper notes must have been removed from circulation. The question is: Does Bank of Uganda continue printing new currency notes with an authority who is no longer in this life?

I think President Museveni needs to take this matter seriously and give it the priority it requires.

Assuming any currency notes have forged signatures, there is no way the courts of law can summon a dead man to court.






The problem of Bank of Uganda is not that the Bank is unable to manage the monetary policies given that it has the technical personnel, the biggest problem is issuing new notes which in law don’t make sense.

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