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.
Michael Atingi-Ego
English coverage and data for Michael Atingi-Ego.
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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.