Tag Archives: shilling

By Joseph Were and agencies On which side will BoU intervene, if at all? The weakening of currencies in the East African region against the U.S. dollar experienced in the last two weeks is likely to persist, according to analysts. Dollar demand by offshore investors and the corporate sector to …

By Patrick Kagenda Buoyed by returning off-shore investors especially in the oil sector, increased remittances from Ugandans working abroad, and inflows from exports, the shilling has appreciated 25% against the dollar over a six months ending October 31. Globally the dollar has seen some depreciation lately, against other currencies. It …

  By Patrick Kagenda Traders say Central Bank lacks capacity to stop it Following the rapid loss of value of the shilling in the past six months, foreign exchange dealers and traders are questioning the Central Bank’s ability to stop further decline. Asked to comment on Bank of Uganda’s explanation …

By Patrick Kagenda `I have the capacity to burn Forex speculators’ fingers’ As the world financial crisis takes center stage in all global discussions, The Independent’s Patrick Kagenda recorded Uganda Central Bank governor Emanuel Tumusime Mutebile’s answers to the press on why the American dollar has shot skywards and its …