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Banking & Currency
Banking and Clearing services
The banking hall is located at the Bank of Uganda Head Office on plot 37/45 Kampala Road and is accessible for business to the general public through Kampala Road entrance from 8.30am to 3.00pm on working days.
These are the categories of services offered by the department:
Services to the Public
a) Mutilated notes
Currency notes that are worn out or not fit to circulate may be exchanged for new ones.
b) Denomination exchange
Notes can be exchanged from one denomination to other denominations.
c) Tender documents
Documents for offers to provide supplies and services to the bank are purchased over the counter.
d) Central Depository System counter
Information on Treasury Bills dealings can be obtained at this counter.
Services to Bank of Uganda customers
Cash deposits to government or Bank of Uganda accounts can be done over the counter.
Cheque deposits to government or Bank of Uganda accounts can be done over the counter.
Cash payment to government agencies can be done over the counter.
c) Funds transfers
Authorized instructions are received over the counter for the following types of transfers:
These are transfer of funds from own accounts to other accounts within the bank.
These are transfer of funds from own accounts to accounts in commercial banks by means of Electronic Funds Transfers (EFTs) or RTGS systems.
Services to Commercial Banks
a) Managing the activities of the Clearing House
The Bank of Uganda hosts and facilitates the Clearing House where clearing banks do presentation and settlement of non-cash instruments (cheques, drafts, debit/credit notes and electronic records).
The main Clearing House (Kampala Clearing House) is located at the BOU Headquarters in Kampala where representatives for each bank meet daily to exchange instruments.
There are 8 Clearing Houses at Bank of Uganda upcountry branches namely:
Member banks in these Clearing Houses also meet daily to exchange instruments drawn within their regions however settlement is effected at the Bank of Uganda head office.
Membership to the Clearing House is open to all Commercial Banks licensed by Bank of Uganda to carry out the business of banking in Uganda however for a bank to be represented in the Clearing House, it has to obtain approval from Uganda Bankers’ Association on recommendation from the Clearing House Committee.
These are the current members of the Clearing House:
|Bank of Africa||Ecobank|
|Bank of Baroda||Equity Bank|
|Bank of Uganda||FINA Bank|
|Barclays Bank||Global Trust Bank|
|Cairo International Bank||Housing Finance Bank|
|Centenary Bank||KCB Bank|
|Crane Bank||Orient Bank|
|DFCU Bank||Standard Chartered Bank|
|Diamond Trust Bank||Tropical Bank|
|United Bank for Africa|
The Clearing House is governed by rules and procedures that have been agreed upon and signed by all the members.
Bank of Uganda operates an Electronic Clearing system that receives clearing data from commercial banks via a secure electronic protocol. This clearing data is then processed and transmitted via the protocol.
The Clearing House activities are conducted using instruments in any of the following currencies:
Local Currency Clearing
1. Uganda Shilling (UGX)
Local Foreign Currency Clearing
1. United States Dollar (USD)
2. European Euro (EURO)
3. British Pound (GBP)
4. Kenya Shilling (KES)
1. Customer relationship management service is provided by a team dedicated to respond to customer queries and needs.
2. Quality Control Assurance is implemented by a dedicated team that scrutinizes all the banking operations and services.
All documentation is secured, stored and archived.
- Central Bank Rate (CBR)
- Inflation Rates
|March 2013||April 2013|
- Exchange Rates
- May 24, 2013
- Financial News Report
|T/Bills (91 days)||11.23||9.31|
|T/Bonds (2 years)||12.30||12.30|
|T/Bonds (3 years)||13.27||13.27|
|T/Bonds (5 years)||13.98||13.98|
|T/Bonds (10 years)||14.14||14.14|
- Commercial Bank Rates
|Lending Rate||24.00||March 2013|
|Deposit Rate||2.81||March 2013|