Yes He Died But His Signature Is Still Alive: BoU Clarifies On Status Of Bank Notes With Mutebile’s Signature

Yes He Died But His Signature Is Still Alive: BoU Clarifies On Status Of Bank Notes With Mutebile’s Signature

By Spy Uganda

The Central Bank of Uganda (BoU) has clarified on the status of bank notes bearing the signature of the Late Prof. Emmanuel Tumusiime-Mutebile, the former Governor who died few days ago.

The Bank says that the current banknotes remain legal tender until determined otherwise by the Bank of Uganda, which is the only lawful authority entrusted with the mandate to issue currency banknotes.

The BoU hereby clarifies as follows:

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  1. The change of the office bearer or the demise of the person who signed on banknotes as Governor does not in any way affect the validity or legal status of the banknotes that he/she signed.
  2. The design, features, and characteristics of the currency banknotes, include, among other things, the signature of the Governor.
  3. The current banknotes remain legal tender until they are determined otherwise by the Bank of Uganda, which is the ONLY lawful authority entrusted with the mandate to issue currency banknotes.

 

The Bank has now urged the public to disregard the false information that is circulating on different 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 the former Governor remain legal tender and can be used to carry out cash transactions, settle financial obligations, and give monetary value,” says BoU.

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