KAMPALA – Bank of Uganda has disregarded information circulating on various social media platforms claiming that the banknotes bearing the signature of the late Prof. Emmanuel Tumusiime Mutebire, the former Governor expired or shall soon expire and cease to be legal tender as false information.
According to the press release statement made on Bank of Uganda’s official twitter handle, the change of office or demise of the person who signed on bank notes as Governor does not in any way affect the validity or legal status of the banknotes that he or she signed.
In the same statement, Bank of Uganda has clarified that the design, features and characteristics of the currency banknotes, include, among other things, the signature of the Governor.
Bank of Uganda noted that current banknotes remain legal tender until they are determined otherwise by the bank of Uganda, which is the only lawful authority entrusted with the mandate to issue currency banknotes.
Bank of Uganda has advised the public to disregard the false information that is circulating on different media platforms claiming that the banknotes bearing the signature of the former Governor expired upon his demise.
The bank has also cleared the air that all denominations of the banknotes issued by the Bank of Uganda bearing the signature of the former Governor remain legal tender and can be used to carry out cash transactions, settle financial obligations and give monetary value.
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