Rapid and volatile capital inflows or outflows can present significant policy challenges – potentially leading to exchange rate overshooting, asset price volatility and financial instability. In this context, appropriate and pragmatic use of capital account regulations may have to be considered by emerging markets in order to maintain financial stability if considered necessary. Market discipline 28.
It was the pioneer of the Point of Sale technology in Uganda with its benefits of promoting a cashless economy. In addition, the bank remains the sole issuer of American Express cards in Uganda. I also understand that the bank will soon launch the “CHIP and PIN” Visa cards, an innovation that will enhance the security features of the bank’s existing Visa card product.