BoU Explains Deputy Governor’s Signature on Notes

The Bank of Uganda has explained the circumstances under which the new shilling banknotes are being signed by the Deputy Governor Bank of Uganda, Micheal Atingi-Ego.

In performing its role as the Issuer of the national currency, the Bank of Uganda (BoU) periodically prints and re-prints Uganda Shilling banknotes to meet the country’s cash requirements.

All Uganda Shilling banknotes issued by BOU bear the signatures of the Governor and the Bank Secretary.

However, since the demise of the former Governor of Bank of Uganda, Emmanuel Tumusiime Mutebile, in 2022, the country has been using old notes bearing his signature.

In a statement, the Central bank, says in the absence of the Governor, the Deputy Governor may sign in his or her place.

“The public is hereby advised that BOU has issued into circulation banknotes, in the various denominations, that bear the signature of the Deputy Governor Mr. Michael Atingi-Ego and the year of print-2022,” BoU reveals in a statement, adding that this does not in any way affect the legal status of banknotes in circulation that bear the late Governor Mutebile’s signature which are associated with the earlier years of print.

It further revealed that these banknotes will continue to be issued in circulation alongside those bearing the signature of the Deputy Governor.

“The public is therefore advised to continue using all the banknotes in circulation to make and/or receive payments,” the statement read.