East Africa: Uganda Buys $1.5 Billion, Uses FX Swaps to Grow Reserves
May 15, 2025
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2:54Now PlayingEast Africa: Uganda Buys $1.5 Billion, Uses FX Swaps to Grow Reserves
YouTube Description
as posted by the channelBank of Uganda Governor Governor Michael Atingi-Ego says the central bank has taken "extraordinary measures" to grow the nation's foreign exchange reserves, including buying $1.5 billion from the market this fiscal year and using currency swaps. The transactions have so far amounted to $400 million, Atingi-Ego said from the capital, Kampala, in an interview with Bloomberg's Jennifer Zabasajja.
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