The Bank was established on August 15, 1966. The theme for the commemoration of the Bank’s Golden Jubilee is Promoting Financial Stability. The milestone of the Golden Jubilee is significant not just for the central bank, but for the whole country. The Central Bank is a symbol of national economic sovereignty.
It replaced the colonial monetary management of the East African Currency Board that had been set up in 1919 by the British Secretary of State for the Colonies. In looking back, we recall the opening of a branch of the National and Grindlays Bank at Entebbe in 1906.