Current Payment Systems

Overview

A payment instrument is any device or set of procedures by which a payment instruction is issued for purposes of making payments or transferring money and includes cheques, bills of exchange, promissory notes, electronic money, credit transfers, direct debits, credit cards and debit cards or any other instrument through which persons may make payments, with the exception of banknotes and coins;

More About Bank Of Uganda

The Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. It was opened on the 15th  August 1966. It is 100% owned by the Government of Uganda but it is not a government Department

The Bank of Uganda conducts all its activities with the aim of fulfilling its mission.  These activities are carried out under the mandate of the Bank of Uganda Act, 2000 and other legislature.

According to Article 161 of the Constitution of the Republic of Uganda, the authority of the Bank of Uganda shall vest in a Board which shall consist of a Governor, a Deputy Governor and not more than five other members.