Don’t accept written on money, says central bank

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Bank of Uganda has expressed concern about Ugandan currency notes making rounds on social media with campaign messages.

On Monday, a photo of bank notes appeared on social media written on “Vote Bobi Wine for President 2021” sparking debate.

The bank in a Tuesday statement said stamping, writing or marking on Uganda’s National Currency is illegal.

According to the bank, markings or writings on currency notes interferes with the security features that are useful in establishing the authenticity of the genuine currency notes.

Victoria University

It said stamping, writing/or marking on the bank notes or coins also amounts to defacing which exposes the holder of such a note or coin to the risk of loss of its value.

“The public is advised to accept only those notes that bear features as designed by bank of Uganda,” the statement said.

It added: “Individuals involved in the defacing and/or those accepting defaced notes, risk losing the value of their bank notes.”

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