Where a license is granted, the Bank of Uganda may, in conformity with the Act, add, vary or substitute any condition to the license. A license issued or renewed under these Regulations is valid for a period of one year and shall then expire one year after the date of issuance unless it is renewed or revoked by the Bank of Uganda.

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A licensee shall not transfer or assign the license issued under the above mentioned regulations. Email required. Contact Us. Like this: Like Loading Get me a sample of operations manual for a forex bureau. You can send it on my mail.

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Ugandan Shilling(UGX) Exchange Rates Today - Ugandan Shilling Currency Converter - FX Exchange Rate

Name required. Add your thoughts here All the advice above is very good. What you should do is change as much money as you need at Forex Bureaus when you are going through the towns or cities.

On the Uganda side you would find more or less the same rate at banks as at bureaux. Regarding carrying large amounts of hard cash with you, I wouldn't do that in any country in the world.

Usually I carry minimal amount of cash when I travel, I use visa everywhere. This is probably the first trip I am really a bit confused as to what the situation on the ground really is. I am getting feedback about visa cards not widelly accepted, or incurring big charges in order to use one, or even higher than normal chances of having your visa card copied and fraudulently used.

I addition I am not travelling through big ciites in Uganda how big is Kisoro and Kabale anyway?

What Currency do I use in Uganda? The official and unofficial Currency

Marcos, There are few big cities, in the European sense, in Uganda. Kisoro and Kabale can be likened to provincial towns.

Large enough to have lots of shops and hotels with a few banks but not conurbations. I am not as willing in my use of plastic cards in Africa due to charges and cloning problems but others readily do so with impunity.

Dahabshiil: The African's largest money transfer company

However I am usually in pre-booked accommodation and using a car not public transport. First of all if you are entering Uganda from Cyanica on a Saturday or a Sunday and you are heading for Ruhija dont expect to find open banks or forex bureaus to change your money. Had to borrow some Ugandan money from my driver to make it through the weekend. They are challenging the Central Bank decision of May 10, decision revoking their foreign exchange and money remittance licenses.

UGANDA EXCHANGE FOREX BUREAU LTD

The Central Bank revoked the licenses accusing the Forex bureau of flouting regulations that govern foreign exchange and money remittance business in Uganda. Morvi states that since inception in , the company was carrying out legitimate business in Uganda until their license was revoked. He explains that the decision to revoke their license followed allegations by Bank of Africa against the bureau for alleged involvement in illicit transactions, which caused the bank a loss of colossal sums of money.

Morbi says the Bureau was cleared of any wrongdoing in a police report issued on October, 3rd, He however, says BoU has since then frozen its bank accounts.