Uganda’s shilling has weakened to its lowest level since 1993 as rising US bond yields, foreign-investor withdrawals and strong demand for dollars put pressure on the East African currency.
Uganda’s currency hits lowest level in 33 years as investors chase better dollar returns
2 hours ago -
Uganda’s shilling has weakened to its lowest level since 1993 as rising US bond yields, foreign-investor withdrawals and strong demand for dollars put pressure on the East African currency.
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