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Bloomberg

Uganda Shilling Slumps to Two-Year Low as FX Demand Soars

Wednesday, September 16, 2026


Uganda's shilling fell to its lowest level in two years against the dollar. The decline followed increased demand for foreign currency in the energy, manufacturing, and telecommunications sectors.

Original reporting: https://www.bloomberg.com/news/articles/2026-09-16/uganda-shilling-slumps-to-two-year-low-as-fx-demand-soars

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