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Central bank injects more money into economy

    ABIDJAN

    The Bank of Uganda (BOU) last week injected a further US $10 million into the foreign exchange market to stabilise the falling shilling. The intervention now brings the amount injected into the foreign exchange market to US $150 million since the beginning of this year. “BOU has intervened in the foreign exchange market to the tune of US $10 million,” a statement from the bank said. “BOU wishes to reiterate its commitment to ensuring stability in the foreign exchange market...It will therefore, continue monitoring developments in the market and appropriate action will be taken as and when deemed necessary.”

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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