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Why the Shilling Is Sliding: BoU Explains Dollar Surge Past UGX4,000 The Uganda Shilling has slippe
Why the Shilling Is Sliding: BoU Explains Dollar Surge Past UGX4,000
The Uganda Shilling has slipped past UGX4,000 to the dollar, and the pain is arriving at the pump: petrol at major dealers now tops UGX7,000 a litre, 15.1% higher than in August. With dollar demand still mounting, what is driving the pressure, how deep will it cut into household budgets, and when might Bank of Uganda step in?
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