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Sources from within the government reveal that the main concern at present is the manner in which millions of dollars have been lost in the past decade, money that could allegedly have stayed in Uganda for investment in the public sector; a Global Financial Integrity report recently revealed that illicit money flows from Uganda between 2001 and ...
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The Uganda Financial Intelligence Authority (UFIA), is a government agency established by the Parliament of Uganda to monitor, investigate, and prevent money laundering in the country. It is also responsible for the enforcement of Uganda's anti-money laundering laws and the monitoring of all financial transactions inside the country's borders.
US dollar-Pakistani rupee exchange rate Between 1948 and July 1955, the Pakistani rupee was effectively pegged to the U.S. dollar at approximately Rs.3/ 31 per U.S. dollar. Afterwards, this was changed to approximately Rs.4/ 76 per U.S. dollar, a devaluation of 30%, to match the Indian rupee's value. [ 30 ]
The United States on Thursday imposed sanctions on Uganda's parliamentary speaker, her husband and several other officials over corruption and serious abuses of human rights. Parliament Speaker ...
In September 2019, Uganda's Finance Ministry increased the amount of protected deposits from UShs3 million (US$830) to UShs10 million (US$2,760). [7] As of that date, the fund covered deposits in 34 contributing financial institutions, including 24 commercial banks, 5 credit institutions and 5 micro finance deposit-taking institutions.
Uganda is the first African country to introduce the advanced security feature SPARK [5] on a regular banknote series. SPARK is an optical security feature recognised by central banks worldwide and is used on a number of banknotes for protection against counterfeiting.
The board of directors of the Bank of Uganda is the bank's supreme policy making body. It is chaired by the governor or, in his or her absence, by the deputy governor. The duties and powers of the board are specified by the Bank of Uganda Act. This Act makes the board responsible for the general management of the affairs of the bank. The board formulates policy and ensures