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UAE Exchange Bureau 1A - Amber House, 29-33 Kampala Road, Kampala; UAE Exchange Bureau 1B - 17 Lugogo Shoprite Mall, Kampala; UAE Exchange Bureau 1C - Transnile Building, 10 Johnstone Street, Kampala; Uganda City Forex Finance Limited - Jumbo Arcade, 9 Nakivubo Road, Kampala; Ultimate Forex Bureau - Zainabu Aziza Emporium, 4 Snay Bin Amir ...
The shilling is usually a stable currency and predominates in most financial transactions in Uganda, which has a very efficient foreign exchange market with low spreads. The United States dollar is also widely accepted. Sterling and increasingly the euro are also used.
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
(Bloomberg) -- The Bank of Uganda raised interest rates for a third straight meeting and signaled its willingness to boost rates further if inflation isn’t reined in.Most Read from ...
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The currency was issued by the East African Currency Board, a London-based body. In 1966, the Bank of Uganda (BoU), which controlled the issue of currency and managed foreign exchange reserves, became the central bank and national banking regulator.
Since 1995, Uganda has experienced rapid economic growth, but it is not clear to what extent this positive development can be attributed to Structural Adjustment. [25] Uganda is a member of the World Trade Organization, since 1 January 1995 and a member of the General Agreement on Tariffs and Trade, from 25 October 1962. [26]
This is a list of commercial banks and other credit institutions in Uganda, as updated March 2023 by the Bank of Uganda [1] [2] and taking into account the more recent downgrading of three banks to other credit institutions.