Regulatory Alerts2000-01-01
The Bank of Uganda Act
The Parliament of Uganda enacted this legislation to consolidate and amend banking laws, establishing the Bank of Uganda as the central monetary authority. It mandates a Minister-appointed board of directors to govern operations, sets authorized capital at thirty billion shillings, and establishes a 25-to-75 profit distribution between the bank and the government. The Act grants exclusive currency issuance rights, outlines comprehensive banking operations including credit facilities and securities trading, and regulates the bank's fiduciary relationships with both the government and commercial financial institutions.
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