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Tag Archives: Shilling could end year at 1700 to the dollar

Shilling could end year at 1,700 to the dollar

By Patrick Kagenda Buoyed by returning off-shore investors especially in the oil sector, increased remittances from Ugandans working abroad, and inflows from exports, the shilling has appreciated 25% against the dollar over a six months ending October 31. Globally the dollar has seen some depreciation lately, against other currencies. It …

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