Wednesday 19 December 2018
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allafrica - 1 month ago

Uganda: I Cannot Reopen Closed Banks, Central Bank Governor Mutebile

[Monitor] Kampala -The Parliamentary inquiry into the disputed closure of seven banks yesterday faulted Ministry of Finance and Bank of Uganda for relying on a wrong law to close Teefe Bank in 1993, but the central bank Governor Tumusiime Mutebile insisted he can never reopen any of the closed banks.

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