Uganda’s Central BankCentral Bank refers to the public monetary authority responsible for managing a currency system and implementing monetary policy. The term belongs in Level 7 because it helps co...Read More announced an emergency Monetary PolicyMonetary Policy refers to the set of central-bank actions used to influence money, credit, interest rates, and financial conditions. The term belongs in Level 7 because it helps...Read More Committee meeting for Wednesday, 14 October, Reuters reported on 13 October. The announcement follows sharp shilling DepreciationDefinition Currency depreciation is a decrease in the value of one currency relative to another currency. It is the opposite of appreciation. What Is Currency Depreciat...Read More since August. The CurrencyDefinition A currency is a form of money used to pay for goods and services, measure value, and transfer purchasing power between people and businesses. Examples include t...Read More has repeatedly reached record lows this month and lost more than 11% against the dollar this year. The bank says it does not target a particular Exchange RateDefinition An exchange rate tells you how much of one currency is needed to obtain one unit of another currency. It is the price relationship between two currencies. Ho...Read More. No policy decision was announced in this report.
Uganda’s central bank has called an emergency Monetary Policy Committee meeting for 14 October following a sharp decline in the shilling. The currency has repeatedly hit record lows this month and has lost more than 11% against the US dollar this year. No policy decision has been announced.