Bank of Uganda (BoU)'s decision to hold off on further cuts in interest rates this month has largely stabilised the shilling which plunged to a 2012 low of 2,620 last month after a surprise rate ...

KAMPALA, March 13 (Reuters) - The Uganda shilling eased slightly against the dollar on Tuesday and traders said it was expected to weaken further in coming days when corporate month-end dollar ...

Uganda on Thursday said it would increase its budget 71 percent in the 2015/16 fiscal year, exacerbating investor fears about pre-election spending and driving the shilling to a record low.

The Uganda shilling has been steadily appreciating over the last few months. It has gone from around 1900 to the US dollar to around 1700. This appreciation of the shilling is mystifying as world ...

Bank of Uganda has said in its monetary policy report of October 2024, which it released on Monday that in the three months to September 2024, the shilling appreciated by 1.9 percent, which ...

Uganda’s shilling had its biggest weekly drop in two years against the dollar as importers increased demand for the U.S. currency to buy oil products to fire generators amid an electricity ...

Kampala — East African currencies are behaving differently. At the year end, the Uganda shilling is expected to have depreciated by 7.5 percent and the Tanzanian shilling by 6.3 percent against ...

Uganda’s shilling headed for the biggest drop in almost eight years as officials said they would need to revise the budget after the World Bank halted new funding to the country for its passage ...

The Bank of Uganda says in its current macroeconomic report that the Uganda Shilling has remained relatively stable partly reflecting low activity in the interbank foreign exchange market.

Bank of Uganda quoted the unit trading at 3,709/3719 slightly weaker than Thursday’s close of 3,707/3,717 buying and selling respectively The Uganda Shilling opened strong but ceded ground ...