Overview

Bank of Uganda has the sole right to print/mint, issue and destroy banknotes and coins in Uganda. 

The Bank is responsible for the bulk distribution of banknotes and coin and to meet the public demand. It makes virtually no difference from the Bank's broad monetary policy perspective whether the public holds cash, demand deposits at banks. 

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Mutilated Bank Notes

A banknote is deemed mutilated when its condition requires special examination to consider the value, if any, to be paid.  Such banknotes could be burnt, discoloured, decomposed, damaged with portions missing and/or contaminated.

Guidelines for redeeming mutilated banknotes

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