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About the Bank
Who We Are
The first of the two towers of the Bank of Uganda Headquarters, housing among others, a Banking Hall which is open to the public
The Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. It was opened on the 15th August 1966. It is 100% owned by the Government of Uganda but it is not a government Department. Bank of Uganda conducts all its activities in close association with the Ministry of Finance, Planning and Economic Development(MoFPED).
Bank of Uganda is responsible for monetary policy and maintaining price stability.
Mission of Bank of Uganda: "to foster price stability and a sound financial system."
Bank of Uganda Headquarters are located on Plot 37/45 Kampala Road.
The Bank has 5 branches headed by Branch Managers in Kampala, Jinja, Mbale, Gulu and Mbarara towns.
The Bank also has 4 Currency Centers headed by Currency Officers in Kabale, Fort Portal , Arua and Masaka towns.
Management of the Bank of Uganda:
The Board of Directors is responsible for overall management of the Bank. It is appointed by the President of the Republic of Uganda and is composed of:
- The Governor and Chairman of the Board
- The Deputy Governor and Deputy Chairman of the Board
- not more than 5 other members
About Us
Legislation
- 2000: Bank of Uganda Act
- 2004: Financial Institutions Act
- 2003: Micro Deposit Taking Institutions Act
- 2004: Foreign Exchange Act
- 2005: Financial Institutions Licensing Regulations
- 2005: Financial Institutions Ownership and Control Regulations
- 2005: Financial Institutions Capital Adequacy Regulations
- 2005: Financial Institutions Credit Reference Regulations
- 2004: Microfinance Deposit Taking Institutions Regulations
- 2006: Foreign Exchange (Forex Bureaux and Money Remitters) Regulations
- Other Financial Institution Regulations
INFLATION RATES
Annual Inflation Rates
| Jul 2010 | Aug 2010 | |
| Headline | 3.2 | 1.7 |
| Core | 4.6 | 4.0 |
| Energy, Fuel, Utilities | 1.3 | 1.8 |
| Food Crop | -2.5 | -9.2 |
INTEREST RATES
Financial News Report
| 25/08/10 | 01/09/10 | |
| Rediscount Rate | 7.62 | 7.62 |
| Bank Rate | 8.62 | 8.62 |
| T/Bills (91 days) | 4.83 | 4.83 |
| T/Bonds (2 years) | 8.29 | 8.29 |
| T/Bonds (3 years) | 9.13 | 9.13 |
| T/Bonds (5 years) | 9.41 | 9.41 |
| T/Bonds (10 years) | 10.78 | 10.78 |
| Rate | Effective Date | |
| Lending Rate (Shs) | 20.06 | June 2010 |
| Deposit (WARD) Rate (Shs) | 1.87 | June 2010 |
EXCHANGE RATES
September 03, 2010
| Currency | Buying | Selling |
| USD | 2,252.12 | 2,262.48 |
| GBP | 3,468.72 | 3,484.67 |
| EURO | 2,889.24 | 2,902.54 |
| KSH | 27.88 | 28.01 |
| TSH | 1.53 | 1.54 |