Uganda's Central Bank to Stabilise Currency


The Bank of Uganda has released an unspecified amount of dollars in a move to stabilise the shilling which has been struggling to keep pace with the dollar.

  • Uganda:   Trading Figures Up At USE

    Independent (Kampala), 8 January 2013

    Official trading figures released this afternoon (Jan.8) by the Uganda securities exchange indicate that there has been an improvement in trading carried out on Jan. 8 compared to… Read more »

  • Uganda:   Sources of Foreign Exchange Drying Up - Expert

    Independent (Kampala), 7 January 2013

    Uganda's sources of foreign exchange are drying up on nearly every front, posing a significant risk to the country's balance of payments position, said Dickson Magecha, Forex… Read more »

  • Uganda:   Shilling Remains Weak

    Observer, 6 January 2013

    The Ugandan shilling crossed the year on the back-foot as interbank players closed out position ahead of the year end, in a market caught short of dollars, leaving the local… Read more »

Photo: New Vision

The Bank of Uganda headquarters on Kampala Road.

  • Uganda:   Central Bank Holds At 12 Percent, Economy Picks Up

    New Vision, 4 January 2013

    The Bank of Uganda (BoU) has held its benchmark lending rate at 12% for a second straight month and expects continued cuts in commercial bank rates despite marginal increases in… Read more »

  • Uganda:   Economy Shows Recovery Signs

    Observer, 3 January 2013

    Although inflation has risen for the second consecutive month, Bank of Uganda has kept its key monetary rate, the Central Bank Rate, at 12%, in yet another indication that boosting… Read more »

  • Uganda:   Shilling Faces Pressure Ahead

    Observer, 30 December 2012

    The Uganda shilling was weaker in this week's trading as interbank players closed out position ahead of the year end in a market caught short of dollars. Read more »

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