Thursday, July 25News That Matters

BoU okays use of bank notes bearing Governor Michael Atingi’s Signature.

BoU okays use of bank notes bearing Governor Michael Atingi’s Signature.

Bank of Uganda has issued into circulation banknotes in various denominations with the signature of the deputy governor, Michael Atingi-Ego.
This has been revealed in a statement from the central bank indicating that the law is clear that in the absence of a governor, the deputy governor can sign in his or her place on all the shilling banknotes.
”The public is hereby advised that BoU has issued into circulation banknotes, in various denominations, that bear the signature of the Deputy Governor Mr Michael Atingi-Ego and the year of print-2022,” says Bank of Uganda.
”This does not in any way affect the legal status of banknotes in circulation that bear the late Governor Mutebile’s signature which is associated with the earlier years of print. These banknotes will continue to be issued in circulation alongside those bearing the signature of the Deputy Governor. The public is therefore advised to continue using all the banknotes in circulation to make and/or receive payments.” Bank of Uganda added.
This means that all the new notes which were printed in 2022 and bear Atingi-Ego’s signature are legal.

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