The Bank of Uganda has refuted reports that the Governor of the Central Bank Prof. Emmanuel Tumusiime Mutebile has resigned.

The Deputy Governor at BOU, Dr. Louis Kasekende says the rumors are unfounded because Mutebile intends to serve his five year term for which he was reappointed in January 2011 to the full.

Kasekende says Mutebile is currently abroad on official duties on behalf of the Bank of Uganda.

In a media statement, Kasekende said Mutebile attended the general meeting of the bank of International Settlements in Basel at the weekend and is currently attending a conference at the University of Oxford.

Ultimate Media