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The first Ugandan shilling (UGS) replaced the East African shilling in 1966 at par. Following high inflation, a new shilling (UGX) was introduced in 1987 worth 100 old shillings. The shilling is usually a stable currency and predominates in most financial transactions in Uganda, which has a very efficient foreign exchange market with
Since 1995, Uganda has experienced rapid economic growth, but it is not clear to what extent this positive development can be attributed to Structural Adjustment. [25] Uganda is a member of the World Trade Organization, since 1 January 1995 and a member of the General Agreement on Tariffs and Trade, from 25 October 1962. [26]
The Weekly Observer is a Ugandan weekly newspaper headquartered in Kamwookya, Kampala.It is one of the largest privately owned papers in the country co-founded by maverick journalist John Kevin Aliro and nine other directors [1] In 2007, its reporter Richard M Kavuma won the CNN Multichoice African Journalist of the Year award. [2]
Setting these priorities helped improve Uganda's credentials with international aid organizations and donor countries of the West, but in the first three years of Museveni's rule, coffee production remained the only economic activity inside Uganda to display consistent growth and resilience. [2] In 1987 GDP rose 4.5 percent above the 1986 level ...
The Observer (Uganda) [5] Kampala: 2004 Observer Media Limited English: Website: East African Business Week: Kampala: 2005 East African Business Week Limited English: Website: The Independent (Uganda) Kampala: 2007 English: Website: Rolling Stone (Uganda) Kampala: 2010 Ceased publication November 2010 The Rwenzori Times: Kasese: 2015 Rwenzori ...
The board of directors of the Bank of Uganda is the bank's supreme policy making body. It is chaired by the governor or, in his or her absence, by the deputy governor. The duties and powers of the board are specified by the Bank of Uganda Act. This Act makes the board responsible for the general management of the affairs of the bank. The board formulates policy and ensures
KAMPALA (Reuters) - Uganda's Constitutional Court on Monday took a first step toward hearing a challenge to an anti-gay law that rights activists and Western governments have denounced as draconian.
In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation.It may be done because inflation has made the currency unit so small that only large denominations of the currency are in circulation.