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      The Bank of Uganda (Swahili: Benki Kuu ya Uganda) is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department.


      History


      In 1979 and again in 1987, the Bank of Uganda managed to maintain an exchange rate of USh 7/= to US$1. Starting in 1987, the IMF backed the development of the Bank of Uganda, and completed its first stage of recapitalizing the central bank in 1997.
      At the AFI Global Policy Forum held in Riviera Maya in Mexico in 2011, the Bank of Uganda was one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under The Maya Declaration.
      In June 2019, 7 directors of the bank were fired after accusations of printing their own money bills.


      Organization


      The board of directors of the Bank of Uganda is the bank's supreme policy making body. It is chaired by the governor or, in his or her absence, by the deputy governor.
      The duties and powers of the board are specified by the Bank of Uganda Act. This Act makes the board responsible for the general management of the affairs of the bank. The board formulates policy and ensures that anything required to be done by the bank under the statute as well as anything else that is within or incidental to the functioning of the bank is carried out.
      The president of Uganda appoints both the governor and the deputy governor, on the advice of the cabinet, for five-year renewable terms. Other members of the board (not fewer than four and not more than six) are appointed by the minister of finance for three-year renewable terms. The secretary to the treasury is an ex-officio member of the board.
      As of June 2019, the bank employed 1,066 people. The bank of Uganda is a member of the Alliance for Financial Inclusion.
      The Governor of the Bank of Uganda between 2001 and 2022 was Emmanuel Tumusiime-Mutebile (1949–2022).


      Currency centres


      The central bank maintains branches and currency centres in various locations around the country, whose purpose is to store, process and monitor the supply of currency to the government and private financial institutions in the surrounding cities, towns, and villages.

      Arua Branch - Arua
      Fort Portal Branch - Fort Portal
      Gulu Branch - Gulu
      Jinja Branch - Jinja
      Kabale Branch - Kabale
      Kampala Branch - Kampala
      Masaka Branch - Masaka
      Mbale Branch - Mbale
      Mbarara Branch - Mbarara
      Lira Currency Training Center - Lira


      See also



      Ugandan shilling
      List of banks in Uganda
      Banking in Uganda
      Governor of the Bank of Uganda
      List of central banks of Africa
      List of central banks


      References




      External links


      Bank of Uganda Website
      Uganda Ministry of Finance
      SWFI Profile

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    Bank of Uganda| Home

    Vision of Bank of Uganda. To be a centre of excellence in upholding macroeconomic stability. Location of Bank of Uganda. 1. Bank of Uganda Headquarters is located on Plot 37/45 Kampala Road. 2. The Bank has 9 branches headed by Branch Managers in Kampala, Jinja, Mbale, Gulu, Mbarara, Kabale, Fort Portal , Arua and Masaka towns.

    Bank of Uganda| About BoU

    The Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. It was opened on August 15, 1966. It is 100% owned by the Government of Uganda but it is not a government Department.

    Bank of Uganda| Exchange Rates - BoU

    Vision of Bank of Uganda. To be a centre of excellence in upholding macroeconomic stability. Location of Bank of Uganda. 1. Bank of Uganda Headquarters is located on Plot 37/45 Kampala Road. 2. The Bank has 9 branches headed by Branch Managers in Kampala, Jinja, Mbale, Gulu, Mbarara, Kabale, Fort Portal , Arua and Masaka towns.

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    Oct 16, 2019 · Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. The primary purpose of the Bank is to foster price stability and a sound financial system. Together with other institutions, it also plays a pivotal role as a centre of excellence in …

    Bank of Uganda| About BoU

    The Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. It was opened on the 15th August 1966. It is 100% owned by the Government of Uganda but it is not a government Department.

    Bank of Uganda | Data and Statistics - BoU

    The Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. It was opened on the 15th August 1966. It is 100% owned by the Government of Uganda but it is not a government Department

    Bank of Uganda| Board of Directors

    The Board of Directors, the governing body of the Bank consists of: The Governor, who shall be the Chairperson. The Deputy Governor who shall be the Deputy Chairperson.

    Contact Us - BoU

    BANK OF UGANDA BRANCHES: The bank has 9 branches situated in the following towns in the country: Branch: Address: Telephone: Arua (Branch)

    Who We Are - BoU

    The Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. It was opened on the 15th August 1966. It is 100% owned by the Government of Uganda but it is not a government Department.

    Bank of Uganda| Index - BoU

    Vision of Bank of Uganda. To be a centre of excellence in upholding macroeconomic stability. Location of Bank of Uganda. 1. Bank of Uganda Headquarters is located on Plot 37/45 Kampala Road. 2. The Bank has 9 branches headed by Branch Managers in Kampala, Jinja, Mbale, Gulu, Mbarara, Kabale, Fort Portal , Arua and Masaka towns.