Improved technologies are increasingly becoming a major recipe for fake currency dealers.
Counterfeiting money has become big business for criminals and a menace to the public.
Millions of shillings in cash changes hands every day, but Some of that cash isn't worth the money it's printed on. Banks won't accept the illegal tender and consumers and the traders pay the price.
Despite the introduction of new and improved security features on Uganda's legal tender, the authorities at the central bank admit that fake currency dealers are still finding their way into beating the system.
Several traders have lost millions of money to fake money dealers who have taken advantage of the improved technologies to print and circulate their illegal tender.
Sam Katwere, the deputy director of communications in the Bank of Uganda, explains that a research carried out by the central bank shows that much of the fake currency in circulation is made using computers.
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According to Katwere, the majority of the people involved in making fake counterfeit currency are foreigners who work in syndicates with some Ugandans to fleece the unsuspecting traders.
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Judith Nabakooba, police spokesperson, admits that police have over the recent months recorded a high number of cases related to fake currency. The fake currency is mainly being used along the border districts of the Democratic republic of Congo and south Sudan because many of the people in those Countries are not aware about the security features on the Ugandan currency.
She says police have been working together with the immigrations department to track down the fake currency dealers. She however says that the attempt to control the circulation of fake money is still difficult because some traders are conniving with the fake currency dealers to circulate the illegal tender.
