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. Bank of Uganda conducts all its activities in close association with the Ministry of Finance, Planning and Economic Development(MoFPED). Bank of Uganda is responsible for monetary policy and maintaining price stability
The late Joseph Mary Mubiru was born on 29th January 1929 in Kalungu sub-county in the then Masaka district (now found in Kalungu district). He was educated at Villa Maria Primary School (1938-1943), attended Secondary School in Bukalasa and joined St. Thomas Major Seminary Katigondo from 1951 to 1952. After the Seminary, he briefly worked with the National Bank of India before joining the University of Kerala, Southern India from where he obtained a Bachelor of Arts (Honors) degree in Economics between 1954 and 1959. From 1959-1962, he attended New York University and obtained a Master of Arts degree