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Bank of Uganda

Uganda's Tumusiime-Mutebile: more aid needed

Multilateral institutions could assist African economies by providing balance of payments support as well as structural adjustment loans for countries dependent on primary commodity exports, said Emmanuel Tumusiime-Mutebile, the governor of the Bank of…

Opiokello on Uganda and Basel II

David Opiokello, the deputy governor of the Bank of Uganda, said "The key element that countries should consider before moving on to Basel II is whether a good baseline supervisory system is in place," in a speech delivered on 3 July in Kampala.

BOU gets tough on forex flow

Foreign exchange bureau operators in Uganda have been issued with new guidelines on how to tackle money laundering, according to All Africa News. This focus on forex operators is part of the Uganda Bankers Association's 'Know Your Customer' (KYC)…

Banks gets electronic clearing system

UGANDA - The Uganda Banker's Association (UBA) and Bank of Uganda have introduced an electronic cheque clearing system, to replace the manual system, a statement from the bankers has said.

BOU forex strategy may be paying off

UGANDA - The Bank of Uganda's (BOU) new strategy of intervening into the foreign exchange market without disclosing amounts sold, seems to be working, reports New Africa News.

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