Kampala, Uganda | THE INDEPENDENT | Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open the third quarter of the year? The shilling opened the month of July 2023 at the 3665/3675 levels. QN: What …
Read More »QUARTER 1: Shilling should buoy in 3650-3850 trading range in short term
SPECIAL FEATURE | THE INDEPENDENT | Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open 2023? The currency opened the year trading at the 3715/3725 levels at the beginning of January 2023. QN: What were …
Read More »Shilling depreciation not easing soon: Experts
Kampala, Uganda | THE INDEPENDENT | The Uganda shilling continues to depreciate against the US dollar as both local and external factors exert pressure on the local and other emerging currency markets. For more than a week, the shilling has just stayed short of touching the 3,900 level against the dollar, amidst …
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