BoU caps individual cash withdrawals (opens original article in a new tab)

The Bank of Uganda has introduced new limits on cash withdrawals, capping individuals at Shs 50 million per day and businesses at Shs 500 million, effective January 1, 2027, to promote a cash-lite economy.

• Bank of Uganda limits individual cash withdrawals to Shs 50 million daily and business withdrawals to Shs 500 million.
• The policy aims to reduce reliance on cash and encourage digital financial services.
• The move may impact cash-intensive sectors and has raised concerns about digital payment infrastructure reliability.