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Monday,September 28,2020 17:04 PM

Central Bank warns those writing on money

By Patricia Turyahebwa

Added 10th December 2019 06:45 PM

Writing, stamping or marking banknotes amounts to defacing which exposes the holder of money to lose value and interferes with police.

Central Bank warns those writing on money

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Writing, stamping or marking banknotes amounts to defacing which exposes the holder of money to lose value and interferes with police.

For the past days, pictures of money decorated with different handwritten political campaigning messages have been circulating all over social media which attracted the attention of the public with many notes indicating vote Bobi wine or Besigye in  2021 general elections.

Writing on banknotes is called graffiti and it can get one into trouble with the police, by law the only authority that can issue currency in Uganda and that includes the power to determine the features that can appear on any currency note or coin.

Writing, stamping or marking banknotes amounts to defacing which exposes the holder of money to lose value and interferes with police.

The public is therefore warned against the use of currency notes for any other purpose other than for making or receiving payments and the public is also advised to accept only those notes that bear features as designed by Bank of Uganda because Individuals involved in the defacing or accepting defaced notes they risk losing the value of the banknotes.

Bank of Uganda assures the general public that it is committed to the preservation of the integrity and value of the currency of the Republic of Uganda.

 

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