Bank of Uganda
Headquarters	Kampala, Uganda
Governor	Emmanuel Tumusiime Mutebile
Central Bank of	Uganda
Currency	Uganda Shilling
ISO 4217 Code	UGX
Website	Official site
Assets = US$2.8billion (2007)

Contents 1 Description 2 Organization and Governance 3 Duties 4 Management 5 External links 6 See also 7 References

[edit] Description

The Bank of Uganda (BOU) is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.

[edit] Organization and Governance

The Board of Directors of the Bank of Uganda is the supreme policy making body of the Bank. It is chaired by the Governor and in his/her absence by the Deputy Governor. The duties and powers of the Board are provided for under the "Bank of Uganda Act". This Act bestows upon the Board the responsibility for the general management of the affairs of the Bank. The Board formulates Bank policies, and, ensures that anything required to be done by the Bank under the statute as well as anything else that is within or incidental to the functioning of the Bank is carried out.

The President of Uganda appoints both the Governor of the Bank and his deputy on the advice of the cabinet on a five-year renewable term. Other members of the Board - not less than four and not more than six - are appointed by the Minister of Finance on a three year renewable term. The Secretary to the Treasury is an ex-officio member of the Board. ^[1]

[edit] Duties

In the process of fulfilling the Bank's mission, the Bank carries out the following functions: ^[2]

• Issue Uganda's national currency/legal tender, the Uganda Shilling (UGX)
• Regulate money supply using monetary policy
• Act as Banker to the Government of Uganda
• Act as Banker to Commercial Banks
• Supervise and regulate Financial Institutions in Uganda
• Manage the country's external/foreign reserves
• Manage Uganda's external debt
• Advise Government of Uganda on financial and economic issues

[edit] Management

The detailed management structure of the Bank of Uganda is outlined at the Bank's web site. ^[3]

[edit] External links

• Bank of Uganda Website
• Uganda Ministry of Finance

[edit] See also

• Uganda Shilling
• Ugandan Financial Institutions
• Banking in Uganda

[edit] References

v • d • e Economy of Uganda Currency: Ugandan shilling Communications Banking  · Bank of Uganda  · Uganda Development Bank  · Communications  · History of Trade  · Transportation Industries: Agriculture  · Tourism

This Uganda-related article is a stub. You can help Wikipedia by expanding it. v • d • e