Bank of Uganda speaks out on legality of money bearing late Mutebire’s signature

-

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.

Comments

Post a Comment

Popular posts from this blog

Man shot by police in Kagadi dismisses allegations of cutting police officer

-
Image
  Kagadi Katusabe Isah a resident of Karuswiga west cell in Karuswiga Muhoro town council Kagadi district who was on Monday shot by police for allegedly resisting the arrest has dismissed the allegations that he didn't cut a  police officer. Katushabe was shot in the leg and arm by a police officer identified as John Kakande attached to Muhoro Police station. It's alleged that, The police wanted to arrest him on charges of domestic violence after his wife Rose Karungi opened a case against him.   The victim Katusabe who is nursing wounds at Buhinga hospital narrates that, he was carrying a panga on his way to the garden for causal work when the police officers intercepted him. He said the officers starting shooting at him even before identifying them.     On 15th March 2023 our reporter visited Katushabe at Buhinga hospital in fortpotal found his lover Karungi taking Care of him. The wife Karungi has condemned the Police’s act of shooting her husband sayin
Read more

Serere by-elections: NRM promises late Okabe’s son a job

-
Image
    STAR SOURCE TV UPDATES Serere by-elections: NRM promises late Okabe’s son a job Top wigs of the ruling NRM, who have pitched camp in Teso to campaign for their party candidate ahead of next week’s Serere County by-elections, have said they will offer the late Patrick Okabe’s son a job should he lose the election. This came after NRM fronted Mr Phillip Oucor as their preferred choice. Okabe’s son, Mr Emmanuel Omoding, is running as an independent candidate but NRM-leaning. Hospital staff, patients raise money for drugs BUIKWE DISTRICT Following the government’s delay to deliver drugs to Kawolo General Hospital in Buikwe District, medical staff and patients at the facility have resolved to contribute money to buy drugs to save lives of desperate patients, mainly children. The humanitarian initiative comes after National Medical Stores (NMS) failed to deliver medical supplies to the hospital last Friday as promised. The facility handles patients from as far as the districts of Buvum
Read more

WWF, NFA partner with community to conserve environment

-
Image
  WWF, NFA partner with community to conserve environment   By Moses Kyaiswa Kagadi The National Forestry Authority (NFA) with support from the ‘’Jane Good All Institute and World Wide Fund for Nature (WWF) Uganda are engaging the community in an ambitious cover restoration drive of the heavily degraded Kagombe and Bugoma Forest Reserves in one of the Uganda’s most fragile and Biodiversity-rich areas. The Bugoma-Kagome landscape also covers five districts including Kagadi, Kikuube, Kyegegwa, Kyenjojo and Kibaale. The forest reserves have been degraded for agricultural land use, illegal timber logging, charcoal burning and human settlement. Degraded Kakombe forest Last year, the National Forestry Authority (NFA) with support from the ‘’Jane Good All Institute” agreed with community members to jointly conserve and protect Kangombe central forest reserve in meeting presided over by the Board Chairperson NFA, Dr. Eng Christopher Ebal. Similarly the ambitious 20-year-proj
Read more