Bank of Uganda outs Bank Notes signed By Deputy Governor

Since the demise of former Bank of Uganda Governor, Emmanuel Tumusiime Mutebile, the bank notes have kept bearing his signatures.

In a new development however, there are new bank notes bearing the signature of Michael Atingi-Ego, the Bank’s Deputy Governor. The Bank’s management says both are all legal tenders.

“The public is hereby advised that BoU has issued into circulation banknotes, in the various denominations, that bear the signature of the Deputy Governor Mr Michael Atingi-Ego and the year of print-2022,” part of the statement issued on Thursday reads.

The statement further read explaining that all Uganda shilling banknotes issued by BoU bear the signatures of the Governor and the Bank Secretary, and in absence of the governor, the deputy may sign in his or her place.

Uganda currency banknotes are in the denominations of Shs1,000, Shs2,000, Shs5,000, Shs10,000, 20,000, and Shs50,000, while the coins are in the denomination of Shs100, Shs200, Shs500 and 1000.