Bank of Uganda sells foreign currency as shilling slide persists
The central bank said on Thursday, 22 October, that it was selling foreign currency for an undisclosed amount. The shilling had weakened beyond 4,200 per dollar a day earlier.
B
Bank of Uganda
Overview
The overview of Bank of Uganda is being prepared.
Latest news about Bank of Uganda
Article list
Uganda raises benchmark rate to 12% as shilling slides
The central bank raises its rate by 2.25 percentage points and lowers its growth forecast, under pressure from the exchange rate and energy prices.
Uganda’s Foreign Exchange Reserves Jump 56% to 6.7 Billion Dollars
The level reached at end-June covers 3.7 months of imports and remains below the four-month target set by the central bank.
Ugandan shilling loses more than 11% since January and hits new lows
Demand for dollars from importers, energy companies and telecoms operators is adding pressure ahead of year-end purchases.
Executives
No executive has been listed yet.