• Central Bank
• Development
• Jail
• National
• Uganda

Central Bank Issues Warning: Defacing Currency Could Lead to Six-Month Jail Term

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  Asekeny Joan / 4 days
• 0
• 2 min read

Central Bank warns individuals against defacing or misusing currency, emphasizing potential six-month jail terms as outlined in the Penal Code. Bank of Uganda specifically cautions against using banknotes for decorative purposes, highlighting the financial implications for both the public and the Central Bank due to the destruction of banknote utility.