About Us

About The Uganda Forex Bureau and Money Remittance Association(UFBMRA)

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.