Abuja, Nigeria | Xinhua | Nigerian President Muhammadu Buhari on Wednesday launched the re-designed local banknotes to control the supply of the Nigerian naira, the local currency of the most populous African country. Speaking during the unveiling of the locally-produced currencies in Abuja, the Nigerian capital, Buhari explained in detail the basis …
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Kampala, Uganda | THE INDEPENDENT | The demise of Prof. Emmanuel Mutebile Tumusiime, the late Governor of Bank of Uganda doesn’t affect banknotes bearing his signature, the central bank has clarified. “The change of the office bearer or the demise of the person who signed banknotes as Governor does not in …
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Juba, South Sudan | Xinhua | South Sudan’s central bank on Tuesday introduced a new banknote of 1,000 South Sudanese pounds (SSP) as the east African nation continues to struggle with hyperinflation amid a shortage of foreign reserves. Dier Tong Ngor, governor of the Bank of South Sudan, said the bank …
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Kampala, Uganda | THE INDEPENDENT | The value of banknotes and coins issued for circulation increased by 272 billion shillings last financial year as Bank of Uganda responded to increased withdrawal of money by the commercial banks. In a 2018/19 annual report, the central bank reports that new banknotes in circulation …
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By Julius Businge The Bank of Uganda has today-Dec. 7 announced that the 1987 series banknotes will cease to be legal tender on March 30, 2013. Addressing a press conference at the Bank’s head offices in Kampala on Dec. 6, Louis Kasekende, the deputy governor said the public should not …
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The Independent Uganda: You get the Truth we Pay the Price