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‘Do not panic’, Minister appeals as shilling races past 4,500

📍 Kampala, UG·🕐 1d ago·1 outlet

Finance State Minister Henry Musasizi tells Parliament the currency’s fall reflects a dollar supply-demand imbalance, announces expenditure cuts and defends Bank of Uganda’s tightening Kampala, Uganda | THE INDEPENDENT | The Uganda shilling has weakened sharply against the US dollar, sliding from approximately Shs 3,604 in March 2026 to around Shs 4,500 by …

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