{UAH} Bank of Uganda closes Sudhir Ruparelia’s Forex Bureaus’

Bank of Uganda closes Sudhir Ruparelia's Forex Bureaus'

April 12, 2017

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Bank of Uganda has terminated the licenses of three Forex bureaus owned by Sudhir Ruparelia. The three Forex bureaus' are: Crane Forex Bureau, Karibu Forex Bureau and Redfox Forex Bureau. According to BoU, the licenses of three Forex bureaus expired in December 2016. Strangely, four months after the expiry of license, the forex Bureau's have been operating

In a statement issued Wednesday morning, the Bank of Uganda said Crane Forex Bureau at Speke Hotel; Crane Forex Bureau at Kampala Road; Karibu Forex Bureau at Mukwano Arcade, Namirembe Road and Redfox Bureau at Kampala road will have to cease operations.


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Gwokto La'Kitgum

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"Even a small dog can piss on a tall building" Jim Hightower

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