The consensus opinion in our country is that the limitations on the use of cash constitute a fundamental bulwark against money laundering; that it should be confirmed and made more efficient by lowering the permitted amount and introducing more stringent monitoring of funds transfers by means of so-called money transfers.
China has been very successful in structural transformation, modernisation and economic growth. Let me highlight three major lessons of China’s development which are of relevance to Uganda and Africa: first, the structural transformation has involved shifting huge numbers of  BIS central bankers’ speeches  1  workers from low productivity agriculture to modern industries, while simultaneously increasing agricultural production.