Skip to main content

Ugandan finance minister calls for calm as shilling slides

Government official urges households to prioritise essential expenditure after currency hits historic low

Uganda shillings

Uganda’s finance minister has called for his country’s citizens to “remain calm, avoid panic-driven decisions and make informed financial choices” regarding the severe depreciation of the currency.

In a statement to parliament on October 27, Henry Musasizi said: “The message of my ministry is clear: let us avoid panic buying of foreign currency, speculative transactions driven by rumours and other behaviour that can amplify short-term pressure on the shilling.”

The shilling has weakened by 18%

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Artículos más leídos cargando...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.