Does BoU Governor Professor Mutebile’s Demise Affect Status of Banknotes Bearing His Signature?.

The demise of Prof. Emmanuel Mutebile-Tumusiime, the late Governor of Bank of Uganda (BoU) doesn’t affect banknotes bearing his signature, the central bank has clarified.

“The change of the office bearer or the demise of the person who signed banknotes as Governor does not in any way affect the validity or legal status of the banknotes he or she signed,” a statement from the Bank reads.

This follows public speculation and information circulating on social media claiming that the banknotes bearing the late Mutebile’s signature have expired following his death. Currently, all currency notes bear the signature of the late Mutebile who died on January 23, 2022.

In the February 2, 2022 letter, the Central Bank clarifies that the current banknotes remain legal tender until determined otherwise by the Bank of Uganda, which is the only lawful authority entrusted with the mandate to issue currency banknotes.

The Bank urged the public to disregard the false information that is circulating on different platforms claiming that the Banknotes bearing the signature of the former Governor expired upon his demise.

“All the denominations of the banknotes issued by the Bank of Uganda bearing the signature of the former Governor remain legal tender and can be used to carry out cash transactions, settle financial obligations and give monetary value,” the Bank concluded.

Prof. Mutebile, a seasoned professional economist served as the Central Bank Governor and Chairman of the Board of Directors since 2001. He met his death shortly after starting a new term of office for, which he was reappointed in 2021.

Comments

UGANDA ELECTORAL COMMISSION TO ELIMINATE NATIONAL IDENTIFICATION CARDS (IDs) FOR 2021 GENERAL ELECTIONS.

The elimination of using National IDs (Ndagamuntu) for the 2021 elections should not have come as a surprise. One would be very NAIVE to think that Bobi Wine has not prepared for this in his Business Plan under the RISK section. It is public knowledge that our EC is not independent. It is also public knowledge that Military Dictator Yoweri Museveni will never lose an election. What stunned us this morning is when we noticed that on social media, people were mocking Bobi with his "get your Ndagamuntu". We are on record for saying to all Our readers that the National ID is like Apartheid in South Africa. Students of History would know how those IDs were being used to arrest people, deny them jobs, deny them basic services. Consequently, Bobi was not wrong and will never be wrong on the Ndagamuntu. Except the ones attacking him and mocking him forget that in Uganda, now, no National ID (Ndagamuntu), no service. If you have not been denied registering your child i...

Parliament Urges Government to Provide Shs 4 Billion to Media Houses to Run Awareness Campaign on Tourism in Uganda.

Parliament also urged Gov’t to provide additional Shs4Bn to UTB to engage international and national media houses in production of positive media stories for improved destination image, following reports of drop in number of tourists from US, Europe and China visiting Uganda. "The National Development Plan targeted to cumulatively attract 281,760 International Tourist arrivals from US, Europe & China but only 67,252 arrivals were registered by the end of the first half of FY 2023/24. The U.S, Europe & China were key target source for leisure tourist who stay longer than business tourists. However, statistics show that international arrivals from the aforementioned areas have continue to drop. The UTB requires Shs4Bn to engage international & national media houses in production of positive tourism stories to improve destination perception in light of recent controversies that shade the destination in a bad light. However, this has remained unfunded,” said La...

UPDF has Rehabilitated Boreholes and Shallow Wells in Maracha District Ahead of 45th Tarehe Sita.

Story by Osuta Yusuf. Maracha District. 30-12-2025. 📸: The technical team fixing some of the boreholes. Photo by Osuta Yusuf, Our News Reporter. The Uganda Peoples Defence Forces (UPDF) which is the legally constituted security organ to guard and protect the people, properties and sovereignty of Uganda, have rehabilitated a total of 9 Boreholes and shallow wells at the tune of 15m Shs in 7 Sub-counties out of the 19 Sub-counties in Maracha District through a service dubbed under the Theme of “QUICK IMPACT PROJECT” directly financed by the UPDF, ahead of preparation for the celebration of their next year's 2026 Tarehe Sita anniversary. 📸: Official launch of UPDF’s 45th Tarehe Sita celebration ahead of the due date 6-February-2026. Courtesy Photo. The UPDF Tarehe Sita is an annual public holiday and event that takes place on every 6th of February, the date when the then Uganda Patriotic Movement (UPM) party now turned as National Resistance Army / Movement (NRA / M) headed b...

Osuta Yusuf

Search This Blog