This Law amends and consolidates the Bank of Uganda Act for regulating the issuing of legal tender, maintaining external reserves and for promoting the stability of the currency and a sound financial
structure conducive to a balanced and sustained rate of growth of the economy and for other purposes related to the above.
This document consolidates the role of the Bank of Uganda as the Central Bank of Uganda and all the functions that pertain to this role. The main purpose of the Bank is to formulate and implement monetary policy directed to economic objectives of achieving and maintaining economic stability. This document also details the establishment of the bank and the governing board of directors, qualifications required and appointment of officers and staff, banking operations, the bank's relationship with the government and other financial institutions, truthfulness of accounts and financial statements, and other related issues.