Uganda, Dec. 7 -- The deputy governor of Bank of Uganda (BoU), Mr Michael Atingi-Ego, has asked Ugandans to embrace cashless financial transactions to save the Central Bank from expenses of printing money notes.

"Bank of Uganda spends a lot of money in printing new currency notes and if the citizens can embrace cashless forms of financial transactions through telecom companies such as mobile money, this will save the bank from spending on printing more money thus using the savings to support community healthcare systems and environmental conservation," Mr Atingi-Ego said.

He made the call while commissioning a Shs500m maternity ward at Rubaya Health Centre IV in Kabale District at the weekend.

The Central Bank funded the project in mem...