Bank of Uganda clarifies on fake note

By Vision Reporter

Bank of Uganda has clarified on a fake note being circulated in the public. The Central Bank in a statement issued Tuesday said: “It has come to the attention of the Bank of Uganda that some individuals are circulating an image of a fake UGX.7000 banknote ostensibly issued by Bank of Uganda on social media sites. This is illegal.
The public is informed that reproduction of images of Uganda Currency can only be done with the express permission of the Bank of Uganda. More specifically, the production of ‘novelty’ currency purportedly issued by the Bank of Uganda and bearing denominations and features alien to legal tender is expressly forbidden and punishable under the Penal Code.
The perpetrators of the fake UGX.7000 banknotes are warned to immediately withdraw the said image. In the same vein, the public is urged to ignore the image as a hoax.”