Uganda eyes short-term foreign liabilities as reserves measure

Deputy governor Kasekende explains how QE has hit reserves income


The Bank of Uganda is monitoring financial portfolio flows and reviewing its short-term liabilities more actively in a bid to ensure it has suitable levels of foreign exchange reserves to meet the country's changing liabilities, according to deputy governor Louis Kasekende.

"Although the Bank of Uganda has not yet officially introduced a target for foreign reserves based on coverage of short-term foreign liabilities, we have begun to monitor closely the level of foreign reserves in relation to

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