✉news BusinessBanking first seen 9 h ago, last 4 h ago, peak #28
Uganda's Central Bank Pushes to Print Money Locally
Original: Central Bank wants money printed locally
The Bank of Uganda has called for banknotes to be printed domestically rather than abroad, according to NTV Uganda. Moving currency printing local would keep contracts and costs inside the country, but the proposal raises questions about cost, security and printing capacity at home. Details of the bank's plan and the government's response were not immediately given.
Why now: A central bank proposing to shift currency printing from foreign firms to domestic production is a significant and unusual policy move.
Bank of UgandaUgandaNTV Uganda
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Evidence
- Central Bank wants money printed locally · NTV Uganda
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