3 Board of Governors of the Federal Reserve, “Framework for Implementing the U.S. Basel III Countercyclical  Capital Buffer (PDF),” September 8, 2016. 4 Board of Governors of the Federal Reserve, “Federal Reserve Board Votes to Affirm the Countercyclical Capital  Buffer (CCyB) at the Current Level of 0 Percent,” press release, March 6, 2019. 5 See  the Basel Committee on www.bis.org/bcbs/ccyb/index.htm#table.
I would like to make it clear that the introduction of a new family of bank notes should have no effect whatsoever on the prices of goods and services in Uganda. The amount of money in circulation will not be changed by the introduction of new bank notes and therefore no inflation should arise from these changes.