Saturday , December 5 2020
Home / Tag Archives: shilling (page 2)

Tag Archives: shilling

Shilling takes heavy punching from dollar

By Patrick Kagenda In the middle of last year, the Ugandan Shilling appreciated against the dollar. The importers were all smiles as they required fewer shillings to buy dollars thereby making their businesses flow smoothly. On the punching end were the exporters who would earn less from their exports as …

Read More »

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 …

Read More »

Skyrocketing dollar versus shilling

By Patrick Kagenda `I have the capacity to burn Forex speculators’ fingers’ As the world financial crisis takes center stage in all global discussions, The Independent’s Patrick Kagenda recorded Uganda Central Bank governor Emanuel Tumusime Mutebile’s answers to the press on why the American dollar has shot skywards and its …

Read More »