Shs100, 000 note circulating on social media illegal - BoU
What you need to know:
A fake Shs7,000 was released early in the year.
KAMPALA. Ugandans yesterday woke up to the shocking news circulating on social media that Bank of Uganda (BoU) had issued a Shs100,000 note.
However, the Central Bank quickly denied issuing the note.
The Bank has urged the public to ignore the note as a hoax and report known perpetrators.
In a communication to Daily Monitor, BoU said: “It has come to the attention of Bank of Uganda that unknown individuals have created and are circulating an image of a bank note of Shs 100,000 purportedly issued by Bank of Uganda. This is illegal.”
In the communication, the Central Bank informed the public that they have not issued any new denomination of Uganda currency and does not plan to do so in the near future.
Warning
“The public is urged to ignore the image as a hoax and report known perpetrators to Bank of Uganda,” BoU communication stated.
This is the second time this is happening. In January, an image of a fake Shs7,000 banknote was also circulated on Social media.
