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Bank of Uganda Caps Over-the-Counter Cash Withdrawals

Bank of Uganda Caps Over-the-Counter Cash Withdrawals

The Bank of Uganda has introduced strict over-the-counter cash withdrawal limits effective January 1, 2027. Under the new digital payment strategy, individuals are capped at UGX 50 million daily, while corporate accounts face a UGX 250 million daily limit to encourage electronic banking.

Andrew Matege

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