BOU Services

Frequently Asked Questions on BOU Services

Some of the frequently asked questions about the Bank of Uganda services

  1. Does Bank of Uganda sell or buy foreign exchange from the public?
  2. Does Bank of Uganda sell  or buy  gold from the public?
  3. Can an individual open an account with Bank of Uganda?

1. Does Bank of Uganda sell or buy foreign exchange from the public?

Bank of Uganda does not sell or buy foreign exchange from the public. This service is done by commercial banks and forex bureaux.


2. Does Bank of Uganda sell or buy gold from the public?

Bank of Uganda does not sell or buy gold from the public.


3. Can an individual open an account with Bank of Uganda?

No. Bank of Uganda is only banker to government and commercial banks. Individuals can open up bank accoutns with commercial banks.