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Bank of Uganda Warns Against Burying Money

The grave of Ivan Semwanga was littered with local and foreign bank notes before his burial

The Central Bank on Friday warned against the misuse of the country’s legal tender. In a statement issued on the social media in the evening, more about Bank of Uganda said money should only be used for the medium of exchange.

“It has come to our notice that Uganda shilling notes were thrown into a grave during a recent burial ceremony. The shilling deserves the status of a national symbol, prostate ” part of the statement read.

The Ugandan Constitution’s Article 17 places the currency in the league of flag and the court of arms which are to be respected by all citizens.

“It is the duty of every citizen of Uganda to respect the national anthem, flag, coat of arms and currency,” Article 17 (1) (a) of the Constitution says.

BoU appealed to the public to desist from mishandling shilling notes.

“Our national currency should not be handled in a manner that is indecorous. Accordingly, the public is urged to strongly refrain from any act, conduct or use of shilling notes and coins for purposes other than medium of exchange.”

The statement however didn’t mention any penalty against the “rich gang” members who buried their departed colleague, Ivan Ssemwanga with money.

It should be noted that there is no clear legal instruments in the Penal Code Act criminalizing burying the dead with money.

Section 367 of the Penal Code Act only talks about destroying currency notes and coins and the penalty for the offenders is a mere Shs 2,000 fine or six months in prison.

In the United States the definition of commissions against the dollar is broad.

Title 18, Section 333 of the United States Code says whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined not more than $100 or imprisoned not more than six months or both.

 

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