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
The Bank of Uganda Act (Cap. 51,L.O.U.) is presently being amended to update it and harmonize it with, inter alia, the Constitution of Uganda (2005).
Acts & Regulations
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Supervision Acts & Regulations
BOU has the mandate to supervise and regulate the operations of financial institutions in the country.
These include Commercial Banks, Credit Institutions, Micro Finance Deposit-Taking Institutions (MDIs), and Forex Bureaux.
A number of acts and regulations govern this mandate and the supervision of financial institutions.
BOU Acts
Supervision Acts
1. FI Act, 2004; Fin Amendment Act 2016
Supervision Regulations
1. FI Anti Money Laundering Act, 2013;
2. FI Anti Money Laundering Regulations, 2010;
3. FI Capital Adequacy Regulations, 2005;
5. FI Corporate Governance Regulations, 2005;
6. FI Credit Classification Regulations, 2005;
7. FI Credit Concentration Exposure Limits, 2005;
8. FI Credit Reference Regulations, 2005;
9. FI External Auditors, 2010;
10. FI Foreign Exchange, 2010;
11. FI Insider Lending Limits, 2005;
12. FI License Regulations, 2005;
13. FI Liquidity Regulations, 2005;
14. FI Ownership Control Regulations, 2005;
15. FX Act, 2004;
16. The National Payments Systems Act 2020
Other Acts and Regulations
4. Mobile Money Guideline 2013;
5. External Auditor Appointment Guidelines for Forex Bureaus 2016;
6. Financial Institutions Agent Banking Regulations, 2017
7. Guidelines for the licensing and operation of Forex Bureaus and Money Remmittance companies, 2018
8. Financial Institutions(Islamic Banking) Regulations 2018
9. Financial Institutions (Deposit Protection Fund) Regulations, 2019
10. The Financial Institutions Capital Buffers and Leverage Ratio Regulation
11. Framework for the identification of Domestic Systemically important Banks (DSIBs)
12. The National Payment Systems (Agents) Regulations, 2021
13. The National Payment Systems (Sandbox) Regulations, 2021
14. The National Payment Systems Oversight Framework - June 2021
15.Micro Finance Deposit-Taking Institutions (Amendment of Second Schedule) Instrument, 2022
16. Financial Institutions (Amendment of Third Schedule) Instrument, 2022
17. Financial Institutions (Credit Referencing Bureau) Regulations, 2022
18. Risk Assessment Guidelines for SFIs in Uganda
19. Targeted Financial Sanctions Guidelines for Supervised Financial Institutions
20. Financial Institutions (Agent Banking) (Amendment) Regulations, 2023
21. Financial Institutions (Preference and Appraised Book Value) Regulations 2023
More About Bank of Uganda
The Bank of Uganda conducts all its activities with the aim of Fulfilling its Mission. These activities are carried out under the mandate of the Bank of Uganda Act, 2000 and other legislature.
According to Article 161 of the Constitution of the Republic of Uganda, the authority of the Bank of Uganda shall vest in a Board which shall consist of a Governor, a Deputy Governor and not more than five other members.