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Bank Of Uganda has assured the public that there is no problem with the Banknotes with Mutebile’s signature. Bank Of Uganda says all the notes issued are still legal tender therefore the public should not shy away from using them.
Rumors have been circulating that every note with the late Mutebile’s signature is now null and void. This is apparently because he is no longer governor and even passed away.
“The change of the office bearer or death of the person who signed on banknotes as governor doesn’t in any way affect the validity or legal status of the note he or she signed,” BoU said.
Bank Of Uganda clarified this in a statement they released on Wednesday. They encouraged the public to disregard any information that says the bank notes are yet to expire.
“The public is advised to disregard the false information that is circulating on different media platforms claiming that the banknotes bearing the signature of the former governor expired upon his demise. All the denominations of the banknotes issued by the BoU and bearing the signature of former governor remain legal tender and can be used to carry out cash transactions, settle financial obligations and give a monetary value.”
The central bank explained that everything on the note is legal until they themselves deem it illegal. As of now, there is nothing to worry about. Uganda notes start from 1000, 2000, 5000, 10,000, 20,000, and 50,000.
Check Also;
- Bank Of Uganda Lowers Cheque Value Limits By Half
- Parliament To Pay Their Last Respects To Late Mutebile
- Prof. Mutebile Was Great Economist, True Nationalist; PM Nabbanja
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
