The Bank of Uganda (BoU) has reassured Ugandans that damaged banknotes and coins can be easily exchanged at any BoU branch or commercial bank across the country.
In a recent post on BoU’s official X (formerly Twitter) account, the Central Bank confirmed that damaged currency can be swapped for new notes or coins of the same value, provided specific requirements are met.
BoU stated that currency holders with worn or partially damaged notes need only bring them to a nearby bank, where they can receive replacements.
Eligibility for exchange includes meeting certain criteria, such as the visibility of essential features on the damaged notes, to ensure authenticity.
This initiative supports BoU’s commitment to maintaining clean, durable currency in circulation and reflects its broader goal of promoting economic stability and financial security.
By facilitating convenient currency exchange, BoU fosters continued trust and confidence in Uganda’s financial system.
For further information on the eligibility criteria for currency exchange, BoU encourages the public to review its official guidelines or visit a local BoU branch.
