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Ugandan banks cut working hours over COVID-19

By John Tugume

Added 28th March 2020 04:40 AM

Banks will remain closed on weekends and open from 9:00am-3:00pm during weekdays

Ugandan banks cut working hours over COVID-19

Tumusiime Mutebile, the central bank governor

Banks will remain closed on weekends and open from 9:00am-3:00pm during weekdays

 
Are you planning to withdraw money from the bank over the counter? Be notified that banks will remain closed over the weekend and only open from 9:00am to 3:00pm on weekdays.
 
This follows a request by the Uganda Bankers Association which was sent to the Bank of Uganda, seeking authorization to cut working hours to avert the spread of coronavirus (COVID-19).
 
And the central bank has written back, granting all the regulated financial institution a "no objection" to their request.
 
"On account of the operating challenges posed by the COVID-19 crisis, Bank of Uganda hereby grants a "no Objection" to all regulated financial institutions for amendment of their branch operating hours to 9:00am-3:00pm an weekdays and for branch closure on Saturdays and Sundays," an instruction signed by the executive director in charge of supervision, Dr Tumubweunee Twinemanzi, on Friday said.
 
Uganda has so far registered 23 cases of COVID-19 and the ministry of health is encouraging the public to use cashless transactions to avoid transferring the virus from one individual to the other. 
 
Members of the public are also encouraged to stay at home as much as possible.

 

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