Over the past six months the DFID Uganda office has made four transactions through Barclays Bank Uganda above the value of £25,000 where US dollars were sent from the Department’s headquarters in the UK to Barclays Bank Uganda, and were converted to Ugandan shillings in-country. The converted money was used where local payments in shillings are required, for example: local staff salaries; suppliers; utility bills; office rental costs; office supplies; transport and maintenance.
US dollars ($) transformed to shillings Equivalent in £ Exchange rate ($ to shs.) Commission1 30 August 200,000 98,080.01 1,650 0 24 September 200,000 99,642.31 1,755 0 18 October 200,000 97,148 1,727 0 14 November 300,000 143,929.2 1,675 0 1 DFID Uganda has negotiated with its bankers not to charge commission on any of its transactions as we do not receive interest from the money in its accounts.