Uganda’s Central Bank Hikes Reserve Ratio to Defend Shilling
The Bank of Uganda raised the cash reserve requirement for commercial banks as the shilling continues to slide.
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2 matching records found
The Bank of Uganda raised the cash reserve requirement for commercial banks as the shilling continues to slide.
Uganda’s shilling slumped to a two-year low against the dollar, weighed down by a surge in demand for foreign-exchange in key economic sectors including energy, manufacturing and telecommunications.
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