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BoU Admits Its Payment System Had A “Temporary Malfunction”, Now Stable

The Bank of Uganda (BoU) has revealed that on July 17, 2019 at 10:30am, the Central Bank experienced a temporary malfunction of the Real Time Gross Settlement System (RTGS).

“It should be noted that this WAS NOT a system crash as has been portrayed in the media,” Prof. Emmanuel Tumusiime-Mutebile, the Governor, BoU says in a statement dated July18, 2019.

He adds: “There was a brief disruption in transaction processing in the morning which was resolved shortly thereafter. The Bank of Uganda payment systems remain stable, fully operational and reliable.”

Taddewo William Senyonyi
https://www.facebook.com/senyonyi.taddewo
William is a seasoned business and finance journalist. He is also an agripreneur and a coffee enthusiast.

One thought on “BoU Admits Its Payment System Had A “Temporary Malfunction”, Now Stable

  1. Babu m sodha (sodha owe bombo)

    I have recently read a lot about Mutebille (Bank Of Uganda Cossase mafia gang of Mutebille ) do people in uganda still trust this governor & his team?
    Should kaguta not reshuffle this mafia army now paralysing URA?
    Thank you sodha owe Bombo

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