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Uganda Shilling Slumps to Two-Year Low as FX Demand Soars
Source: Bloomberg
Currency & FXEmerging MarketsEnergy Markets & Prices
Uganda’s shilling fell to a two-year low against the U.S. dollar as foreign-exchange demand surged from the energy, manufacturing and telecommunications sectors. The depreciation raises imported-cost and inflation risks for Uganda, particularly for businesses reliant on dollar-denominated inputs.
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