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Uganda’s shilling leads the world’s currency markets after a major rate hike, giving the East African economy an unexpected financial win

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Uganda’s shilling leads the world’s currency markets after a major rate hike, giving the East African economy an unexpected financial win

Uganda’s shilling surged to become the world’s best-performing currency on Wednesday after the central bank delivered its biggest interest rate increase in 15 years to stem a sharp decline that had pushed the currency to a record low.

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