Wednesday, 25 March 2009

Uganda Business News: BOU conducts survey on work remittances to Uganda

The Bank of Uganda is currently currying out a second household survey on workers remittances to Uganda.

BOU says that the house survey is aimed at generating information on money and other items in kind received from Ugandans living and working from broad who are popularly known as ‘ Kyeeyo’

BOU’s Communications Director, Juma Walusimbi says that survey information collected will be shared between BOU, national policy makers and planners to improve the environment for sending and receiving money as well as establishing licensed remittance services providers.

Wsalusimbi says that this is a second survey after one was done in 2007 by the Bank of Uganda under foreign exchange Act of 2004 and Uganda Bureau of Statistic’s Act of 1998.

Walusimbi ays that competent field staffs collects information on money received by house holds from relatives living in abroad with in a prescribed period and that the targeted are selected 4,080 house holds located in urban parts of Uganda.

He says that the information will at the same time be used to estimate all the amount received with in that given financial year plus the value of item received

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