Money museums, especially those managed by Central Banks, can be effective tools for monetary policy communication by enhancing economic education and financial literacy.

1. Using a Money Museum
as a Tool for Economic
Education
By Kelvin Kizito Kiyingi
Assistant Director, Communications Department

2. Introduction
MABJ, Reuters Fellow
City University of New York
Post Bank, Communication Manager
 U.S. Embassy Kampala, Information Assistant
 Bank of Uganda, Assistant Director, Communications
Department

3. Outline
 Background
Structure and Management
Role of the Museum
Activities
Challenges
Way Forward

4. Background
It helps central bank relate closely with the public.
 The C. N Kikonyogo Money Museum of Bank of Uganda was
officially opened on 15th August 2006 during celebrations to mark 40
years of the bank.
 Though relatively young, the C.N Money Museum has been able
launch a few programs aimed at the Educating the public about the
Central Bank of Uganda .

5. Role of Museum
 To preserve the history of Bank of Uganda as a monetary
institution. A Museum is the best way an organization can keep
its history alive.
To preserve and display currency as a national heritage
To Educate the public on the roles of Bank of Uganda
Museums are centers of Education.
The Educational role of Museums is at the core of their
services to the public.
It is possible to use the Museum as a tool for monetary
policy dissemination and financial literacy.

6. Structure & Management
 Communications Department of
Bank of Uganda
Under the Information Resource Division
A Section within the Division
Three Units: History of Money, history of
BoU; Roles and functions of BoUS

7. Activities of the Museum
 The Money Museum reaches out to the Public
and Bank of Uganda Staff through a number of
programs.
 Exhibitions
 Free access for the public to visit the Bank Museum and view artifacts
 School Visits – seminars/workshops. Outreach programs
 Hosting Schools - seminars/workshops.
 Universities & Other tertiary institutions - seminars/workshops.
 Programs for members of staff

8. Activities of the Museum cont’d…
 Presentations to
school groups.
 Role of Bank of Uganda
 Monetary Policy
 Basics of Financial Literacy
 Saving
 Investment
 Entrepreneurship

9. Activities of the Museum cont’d…
 Currency Features
 Institutions
 Business
Community
 Schools
 Banks

10. Activities of the Museum cont’d…
Out reach programs to schools

11. Activities of the Museum
 We have hosted scholars studying Uganda’s Numismatic heritage.
 The Museum has partnered with the Bank’s Research Department to
come up with simple ways of explaining monetary policy to the
Public.
 We record questions from the Public and where possible answer
them.
 The Museum shows documentaries about the Bank to the Public

12. Activities of the Museum
Bank staff
 Staff are encouraged to visit
the Museum at all times.
 The Museum runs a monthly
newsletter to inform staff
about its activities.
 We have also started a staff
family program during the
holidays.

13. Challenges
 Space.
 Lack of access
 Financial
 Lack of awareness
 Inadequate Skills

14. Way Forward
 Monetary Policy Forums.
 Museum Policy
 Changing the Location
 Acquiring more space
 Making Museum activities part of Financial Literacy
 Acquiring skills through attachments

15. Following The Deutch Bundesbank Model
Way Forward
 Introducing Monetary Policy
Forums
 Acquiring Skills through
attachments
 Museum Policy
 Revamping the website
section
 Creating a virtual museum
linking it to the website

16. Questions
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