Tag Archives: Uganda Shilling

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 …

Kampala, Uganda | THE INDEPENDENT | The Uganda Shilling continues its downward trend against the US dollar more than two months since its appreciation journey against the dollar was halted. It has since depreciated by more than 200 shillings. The official foreign exchange rate by the Bank of Uganda put the …

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 started losing its strength against the US Dollar in a reverse trend that had seen the local currency remain strong during and after the lockdown period. In a trend that surprised observers, the shilling held steady when diaspora remittances, offshore …

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 …

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling has come under pressure against the dollar as people go into panic buying of dollars due to coronavirus. On Tuesday, March 24, the Bank of Uganda quoted the shilling at Shs 3,893/3,903 buying and selling respectively against the dollar. This is …

Kampala, Uganda | THE INDEPENDENT | A financial expert has praised Uganda’s currency stability, thanks to attractive interest rates on government securities and easy access of foreign currency. Eva Othieno Wanjiku, the Africa Strategist for Standard Chartered Bank, said they expected the Ugandan currency to lose more value in June …