Tag Archives: dollar

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda had downplayed talk of negative effects on the global economies in light of the developments around the US dollar and the renminbi, the Chinese currency. Talk of a possible US dollar collapse has dominated international headlines, with some terming it imminent, …

New York, USA | Xinhua | The U.S. dollar fell broadly against its major rivals in late trading on Friday. The dollar index, which measures the greenback against six major peers, dropped 0.67 percent to 103.7153. In late New York trading, the euro rose to 1.0682 U.S. dollars from 1.0611 dollars in …

Kampala, Uganda | THE INDEPENDENT | Reducing reliance on the US dollar necessitates satisfying financing requirements in local currency and enhancing local financial institutions Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, is on currency markets. There are often strong views …

Nairobi, Kenya | Xinhua | The Kenyan shilling hit the lowest level ever against the U.S. dollar this week as the East African nation grapples with a dollar shortage crisis, the Central Bank of Kenya said in its update of the financial markets released Friday. The shilling traded at an average of …

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling ended the year 2022 on a strong not having appreciated against the US dollar over the previous few months. According to the Ministry of Finance, Planning and Economic Development, the Ugandan shilling appreciated by 1.9 percent in December against the US Dollar, …

Using dollar supremacy for sanctions could well lead to other countries backing away from it (the dollar) London, UK | Xinhua | The U.S. government’s frequent use of dollar supremacy for sanctions against other countries could negatively impact global trade and finance, an economist has said. “One of the problems with …

New York, U.S. | Xinhua | The de-dollarization or decline of dollar hegemony will put the United States in a slow crash and make everyday Americans poorer, an economist told Xinhua. Other countries have to de-dollarize because of American foreign policy, forcing them to create an alternative, said Michael Hudson, professor …

  Central Bank of Sudan announced unification of the exchange rate of the Sudanese pound against the dollar Khartoum, Sudan | Xinhua | The markets in the Sudanese capital are witnessing a state of confusion and paralysis due to the ongoing depreciation of the Sudanese pound against foreign currencies. A tour …

Kampala, Uganda | THE INDEPENDENT |  The Uganda Shilling continued to appreciate against some major currencies in the region as well as the US Dollar, on Monday, compared to last week.  The Bank of Uganda put the official exchange rate for the dollar at 3,529.39 buying and 3,539.39 selling by the …

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling has appreciated by at least 5.2% against the dollar since March, thanks partly to money coming into non-governmental organizations and low demand for dollars by importers. According to the quoting this month by forex bureaus, the shilling has gained as much …