Matooke Republic
Sunday, October 19, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Individuals writing on money risk losing the value of that money – Bank of Uganda warns

Norman Mwambazi by Norman Mwambazi
December 11, 2019
in Business
Reading Time: 2 mins read
writing on money

Money with handwritten political messages

Share on FacebookShare on Twitter

Earlier this week, photos of different denominations of money bearing handwritten political campaign messages circulated on social media and attracted mixed reactions from members of the public; some condoning it, others condemning it and others totally unbothered. 

One totally bothered institution about this unnecessary action is Bank of Uganda and they have come out to say that writing, stamping and/or marking on Uganda’s national currency is illegal.

The Central Bank released a statement signed by Governor Emmanuel Tumusiime-Mutebile said that writing on banknotes or coins amounts to what they referred to as defacing and it exposes the holder of such a note or coin to the risk of losing the value of that money and issued a warning against such actions. 

RELATED POSTS

Experts emphasize succession planning as key to family business continuity at 3rd annual Enjovu Family Business Conference

IASP Africa 2025: Strategy Experts to Convene in Kampala for Africa’s Transformation Agenda

“The public is therefore strongly warned against the use of currency notes for any other purpose other than for making or receiving payment(s) and the public is also advised to accept only those notes that bear features designed by Bank of Uganda,” the statement reads in part.

The 2021 general elections are drawing closer and people are using all possible ways to get the word out.

Related

Tags: Bank Of UgandaWriting on money
Share1Tweet1Send
Norman Mwambazi

Norman Mwambazi

Writing is my substitute for worry. Live. Love. Laugh. Be Good.

Related Posts

Opportunity Bank dominates Agricultural Credit Awards, wins 9 of 16 top honors

by Matooke Republic
5 months ago

...

Gift Shoko, Managing Director of Equity Bank Uganda.

Equity Bank Uganda recognized as Domestic Systemically Important Bank for third consecutive year

by Matooke Republic
5 months ago

...

Dr. Michael Atingi-Ego.

Meet Dr. Michael Atingi-Ego, the newly appointed BoU Governor who has served as Deputy Governor since 2020

by Matooke Republic
8 months ago

...

Bank of Uganda Deputy Governor Michael Atingi-Ego.

Bank of Uganda denies hacking in Shs60 billion fraud scandal, explains circumstances

by Matooke Republic
11 months ago

...

Valentine’s Day: BOU reminds public against using money notes in bouquets

by Matooke Republic
2 years ago

...

Next Post
Cindy

Cindy is booked and busy scheduled for Open Mic Festival in Gulu

Women National Basketball League

Basketball championship final: JKL Dolphins chase second title, UCU want to match history

RECOMMENDED

FUFA President Moses Magogo.

FUFA bows to pressure, abandons controversial new league format

October 18, 2025
Q&A open discussion session at the Enjovu Family Business Conference.

Experts emphasize succession planning as key to family business continuity at 3rd annual Enjovu Family Business Conference

October 18, 2025

MOST VIEWED

  • Here is the Math of How Uganda Can Qualify for the Playoffs in the World Cup Qualifiers

    62 shares
    Share 25 Tweet 16
  • UNOC Engineer drowns in River Nile while taking photos with daughter

    20 shares
    Share 8 Tweet 5
  • PHOTOS: Irene Ntale and Vincent Kalibbala tie the knot

    20 shares
    Share 8 Tweet 5
  • Police to recruit 100,000 Special Constables ahead of 2026 elections

    89 shares
    Share 36 Tweet 22
  • NIRA dispatches over 3 million national IDs as mass registration nears completion

    152 shares
    Share 61 Tweet 38
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.