Macro Finance
(USD:UGX) Shilling Freefall Has Uganda Tapping Meager Reserve War-Chest
Bloomberg Markets·October 26, 2026·1 min read
Uganda's shilling hit a fresh record low against the dollar despite the central bank tapping reserves for the second time in a week to support it, defying President Yoweri Museveni's directive against using buffers for that purpose. The currency's slide continues amid pressure on the country's foreign exchange reserves.
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