Bank of Uganda has admitted theft of old currency notes at some of its currency centres.
The central bank’s director of communications director, Charity Mugumya confirmed that BoU authorities are currently investigating Bank of Uganda staff who stole old banks notes at the currency center in Mbale and that some staff have already been asked to go on forced leave.
“There were allegations of pilferage involving cancelled stock at Mbale Regional Branch. The Bank is conducting internal investigations to ascertain the veracity of the allegations. As a result, some staff were sent on leave to pave way for investigations. Details will be available as and when investigations are complete,” Mugumya said according to Daily Monitor.
Following reports of thefts of currency notes at its centres, the bank this week instituted tough measures restricting entry of staff to the counting rooms.
According to the circular from the acting director of Currency Dr Bazinzi Natamba, “note examiners are not supposed to access counting rooms of the currency centres without express permission.
Natamba also said that heads of the currency centres to continually review CCTV recordings in the counting rooms.
We have been told that the counting rooms also serve as a store for old currency which is due for destruction