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    Impact of a weak Uganda shilling on our economy

    January 11, 2014 / No Comments

    Understanding the impact of a weak Uganda shilling What does a weak US $ against the Uganda shilling mean for; The growth of Uganda’s tourism industry           The growth of our economy? Disclaimer: this article is too simplified ideal for a beginner. Around December 2013, the US $ exchange rate against the Uganda shilling went the wrong way for the US $. Around June 2013, (one unit of US dollar) US $1 was being bought at Ugx. 2,700. This meant that the US $ was very strong (one needed 2,700 Uganda shillings to buy just one dollar!) As time went…

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    M. B. Mugisa

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