Bank of Uganda (BoU) has dismissed the false information circulating on different media platforms claiming that the banknotes bearing the signature of the Late Prof. Emmanuel Tumusiime-Mutebile, the former Governor, expired or shall soon expire and cease to be legal tender.
Prof. Mutebile died on January 23, 2022 in Nairobi Hospital where he had been admitted for some time.
Mutebile was until his death a Ugandan economist and banker and the country’s longest-serving governor of the central bank of Uganda.
In a February 02-statement issued the Central Bank clarifies that;
- 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.
- The design, features, and characteristics of the currency banknotes, include, among other things, the signature of the Governor.
- 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 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.”
The bank added that 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.
