Tag Archives: shilling

  By Patrick Kagenda Traders say Central Bank lacks capacity to stop it Following the rapid loss of value of the shilling in the past six months, foreign exchange dealers and traders are questioning the Central Bank’s ability to stop further decline. Asked to comment on Bank of Uganda’s explanation …

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 …