BANK MANAGERS CONCERNED OVER PUBLIC BAD ATTITUDE TOWARDS COIN MONEY

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In Kabale
The public has been challenged to embrace the use of coins as it is also Ugandas legal tender.
During the town hall meeting at Cephas Inn Kabale, the public raised a concern of the coins which they said give them headache to carry. They asked Bank of Uganda to do away with coins, since they have been severally rejected by the majority.
Bank Managers also told the officials that their clients refuse coins whenever they are withdrawing cash over the counters.
However, Bank of Uganda Governor, Emmanuel Tumusiime Mutebile in a speech read for him by Dr Adam Mugume, the executive director for Research, asked the public to embrace the use of coins since they last longer than paper money.
The rejection of coins, the governor said has given traders an opportunity of increasing prices of goods and services they offer to the nearest since the 50 shillings coin is not in use.
Mutebile also called upon banks to ensure that they maintain a good practice of giving people change of larger for smaller denominations, at the banking hall counters and ATM machines, so that their customers continue to value their services.

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