WINDHOEK, Namibia | Xinhua | Namibia faces tighter U.S. dollar liquidity and higher settlement costs, as the recently imposed 30-percent U.S. tariffs on South African exports weaken the very financial channels it relies on for cross-border trade payments, according to an analysis by Namibian research and investment firm Simonis Storm Securities …
Read More »Why Uganda shilling has continued to strengthen against dollar
Kampala, Uganda | THE INDEPENDENT | The Ugandan Shilling continued strengthening against the US Dollar in the year 2024/25 as remittances, exports and new government policies. The local currency ended June 2025, trading at an average mid-rate of 3,605.84 Shillings per dollar, compared to 3,653.40 per USD in May 2025, …
Read More »Toward a multi-polar international monetary system
COMMENT | Maya Majueran – XINHUA | A multi-polar international monetary system envisions a global financial architecture in which multiple currencies, rather than a single dominant one such as the U.S. dollar, are widely used for international trade, finance, and as reserve assets. This model fosters a multi-currency ecosystem, enabling …
Read More »Is Trump engineering the decline and fall of the dollar?
His approach to weakening it could spell the end of the US dollar’s reign as the dominant international currency COMMENT | JEFFREY FRANKEL | In 1985, U.S. officials met with their counterparts from the other G5 countries at New York City’s Plaza Hotel to negotiate a coordinated intervention to bring down …
Read More »Uganda shilling falls on dollar supply shortage
Kampala, Uganda | THE INDEPENDENT | The Uganda shilling seemed to be halting the downward trend against the dollar at the close of the week, at 3,695.05 buying and 3705.05 selling, on Friday, according to the Central Bank. The shilling has been depreciating since December 19, 2024, when the dollar was …
Read More »The end of US dollar dominance
Why Donald Trump’s policies could hasten the dollar’s relegation from being the only world currency COMMENT | DAVID MCMILLAN | Donald Trump’s victory in November’s U.S. presidential election saw the U.S. dollar strengthen. It surged to a one-year high within two weeks, and has since retained its strength against its major …
Read More »Kenyan shilling hits 9-month high against U.S. dollar
NAIROBI, KENYA | Xinhua | The Kenyan shilling strengthened against major world currencies, hitting a nine-month high against the U.S. dollar Wednesday. The Central Bank of Kenya placed the shilling against the dollar at 138.8, its highest level since the currency started to decline in June last year. The shilling …
Read More »Debt burden, low reserves affecting BoU capacity to tame dollar rate
Kampala, Uganda | THE INDEPENDENT | Bank of Uganda admits limited options against the depreciation of the Shillings, as it stares at the dwindling foreign exchange (FX) reserves. The Uganda Shilling traded at 4,000 to a dollar for the first time at a bank, as the depreciation trend continues for the …
Read More »Local currency under pressure from rising dollar
Kampala, Uganda | THE INDEPENDENT | The Uganda Shilling continues to trade under pressure from the US dollar as demand for the US currency rises above the supply, according to experts. On Monday, the local currency opened trading at Shillings 3,815.63 buying and 3,825.63 selling according to the official rates …
Read More »Why Uganda shilling is strongest in East Africa
Kampala, Uganda | THE INDEPENDENT | The Uganda Shilling ended the year 2023 on a stronger note, having stabilized against the US Dollar, and did better than its peers in the East African Community, according to analysts. The currency strength has fluctuated between 3,767 and 3,815 to the US dollar over …
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