Uganda’s Central Bank has announced that it will lower cheque value limits for all transactions by cheque in the country ostensibly to encourage e-payments.

According to a statement from the Bank signed by Governor Emmanuel Mutebile, the new rates will take effect on January 15, 2022.

For more information, please see https://www.theeastafrican.co.ke/tea/business/bank-of-uganda-lowers-cheque-value-limits-3649338