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Shilling Loses Against The Dollar For First Time In Two Years

Experts Foresee More Headwind For The Shilling

Between April 2022 and May 20th, 2022, the shilling has depreciated against the dollar by 3% according to Bank of Uganda. This has happened for the first time in over two years, the shilling losing ground against the dollar. Earlier this week, Dr Adam Mugume, the Bank of Uganda director of research had an interview. During the interview, he said ...

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