Monetary policy thus has primacy for the competitive order,” he wrote in his Principles of Economic Policy. You won’t be surprised to hear that as a central banker, I share Eucken’s views on the importance of monetary policy.
Commercial banks in Uganda already have more than 4,500 agents operating in almost 6,400 outlets around the country. Agent banking is allowing banks to access customers at much lower cost than is the case in the traditional banking model, as the bank can achieve savings on their costs of bank branches and staff.