Hello Emmanuel, thank you for your valuable insights. The protected limit is progressive and, until 2019 it was UGX 3 million.
Discussions with the relevant parties are underway on the revision. These are informed by international & regional benchmarks, prevailing macroeconomic
Replying to @DPFUganda
Thank you for the clarification.
So UGX 10 million is guaranteed, and the rest depends on asset recovery.
That sounds less like deposit protection and more like a recovery process.
Shouldn’t the protected limit evolve with the economy to give depositors greater confidence in
