Bank of Uganda slashes cheque and cash withdrawal limits to accelerate cashless payments, lower currency printing costs and boost digital banking.

Uganda’s central bank has imposed new limits on over-the-counter cash withdrawals and slashed cheque transaction thresholds.

Uganda will introduce new cash withdrawal limits and cheque restrictions from 2027 as digital payments exceed $100 billion and mobile money adoption accelerates across the country

Bank of Uganda slashes cheque and cash withdrawal limits to accelerate cashless payments, lower currency printing costs and boost digital banking.