Uganda’s central bank cuts banknote printing costs 

Uganda shillings

The Bank of Uganda saved 45.52 billion shillings ($13 million) in banknote printing costs over the last financial year, due to improved processing and new issuance guidelines.  

 A “general decline in [the] total demand for money” was also a factor in reducing the central bank’s currency costs, the central bank said in its latest annual report.  

According to the report, the cost of banknote printing declined 23.6% for the 2020–21 financial year, from 193 billion shillings to 147.5 billion

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