Tag Archives: shillings

Uganda’s Open Currency Policy and the Decline of the Shilling.

Currency

By Wabusimba Amiri, In recent years, Uganda’s economy has grappled with a troubling trend, the persistent depreciation of the Ugandan shilling against major foreign currencies. As of mid-2025, one US dollar exchanges at over 3,500 shillings, a figure that continues to climb with little resistance. This situation raises concern among …

Read More »