May 15th, 2025
Uganda Using 'Extraordinary Measures' to Grow FX Reserves, Central Bank Governor Says
Bank 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.
