The Uganda Forex Bureau and Money Remittance Association is the umbrella Association of forex bureaus and Money Transfer operators in Uganda. A non-profit, non-governmental, member-based organization, the Forex Association was first registered in the names of Uganda Forex Bureau Association as a company limited by guarantee in August 2000. It was officially inaugurated on 27 January 2001 by the Governor of Bank of Uganda.

The Association changed its name from Uganda Forex Bureau Association (UFBA) to the current Uganda Forex Bureau and Money Remittance Association (UFBMRA) in 2006, after the Foreign Exchange Act that allowed forex bureaus to be licensed to transfer money was enacted. From an initial membership of 60, the Forex Bureau & Money Remitters Association has grown its membership to over 240 to-date and this has kept on increasing. UFBMRA is an Association for all duly Regulated Forex Bureaus and Money Remittance operators and all are licensed and supervised by Bank of Uganda.

Our Vision

A World-Class business membership organization effectively delivering services to its members and all stakeholders wherever they operate while inspiring confidence in the forex industry.

Our Mission

To consistently provide solutions that promote a competitive, innovative, financially sound and dynamic business while championing professional excellence in the forex and Money Remittances sector in Uganda and the region.

Inspiring confidence

Need for the association to build confidence in Governance, members, Service providers, Standards, Regulators, and all other stakeholders.

Our Mission

To consistently provide solutions that promote a competitive, innovative, financially sound and dynamic business while championing professional excellence in the forex and Money Remittances sector in Uganda and the region.

Our Values

The core principles or beliefs that guide its work in achieving its mission are: Professionalism and work ethic, Advocacy, Excellent member service, Responsiveness, Integrity and honesty, Commitment, Transparency and Accountability, Openness and Respectfulness, Networking and Partnerships

Inspiring confidence

Need for the association to build confidence in Governance, members, Service providers, Standards, Regulators, and all other stakeholders.

Our Vision:

A World-Class business membership organization effectively delivering services to its members and all stakeholders wherever they operate while inspiring confidence in the forex industry.

Who we are

UFBMRA was formed and registered and officially inaugurated on 27 January 2001 by the Governor of Bank of Uganda with a primary objective aligned to; public policy advocacy, good governance, information sharing, and self-regulating strategies that promote best practices in offering financial services amidst dynamic regulatory framework to serve the public, private sector in Uganda and beyond.

Our Line of work