Tag Archives: dollar

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling ended the year 2022 on a strong not having appreciated against the US dollar over the previous few months. According to the Ministry of Finance, Planning and Economic Development, the Ugandan shilling appreciated by 1.9 percent in December against the US Dollar, …

Using dollar supremacy for sanctions could well lead to other countries backing away from it (the dollar) London, UK | Xinhua | The U.S. government’s frequent use of dollar supremacy for sanctions against other countries could negatively impact global trade and finance, an economist has said. “One of the problems with …

New York, U.S. | Xinhua | The de-dollarization or decline of dollar hegemony will put the United States in a slow crash and make everyday Americans poorer, an economist told Xinhua. Other countries have to de-dollarize because of American foreign policy, forcing them to create an alternative, said Michael Hudson, professor …

  Central Bank of Sudan announced unification of the exchange rate of the Sudanese pound against the dollar Khartoum, Sudan | Xinhua | The markets in the Sudanese capital are witnessing a state of confusion and paralysis due to the ongoing depreciation of the Sudanese pound against foreign currencies. A tour …

Kampala, Uganda | THE INDEPENDENT |  The Uganda Shilling continued to appreciate against some major currencies in the region as well as the US Dollar, on Monday, compared to last week.  The Bank of Uganda put the official exchange rate for the dollar at 3,529.39 buying and 3,539.39 selling by the …

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling has appreciated by at least 5.2% against the dollar since March, thanks partly to money coming into non-governmental organizations and low demand for dollars by importers. According to the quoting this month by forex bureaus, the shilling has gained as much …

London, United Kingdom | AFP | Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook’s Libra, could one day replace the dollar as king of the foreign exchange market. The BoE chief aired vague proposals for a so-called “Synthetic Hegemonic Currency” at the recent …

Hong Kong, China | AFP | The dollar took another beating on Thursday after two of Donald Trump’s top cabinet members talked down the currency and hinted at a more belligerent trade policy. The sell-off in the greenback especially hit exporters on Japan’s Nikkei index, which tumbled for a second straight …

Kampala, Uganda| CSBAG|  Every time a government official comes out to explain why the economy is poorly performing, they cite external and natural factors. These range from slow growth in China, to fall in commodity prices, tight financing conditions in Europe, and geo-political events such as Brexit and U.S politics. …

Abuja, Nigeria | AFP | Nigeria signalled Wednesday it will ease currency controls, opening the door to a plunge in the value of the naira, after the restrictions were blamed for stifling the economy. Central Bank of Nigeria (CBN) governor Godwin Emefiele said in a televised speech from Abuja that …