Bank of Uganda does not fix or directly control the exchange rate.
Uganda operates a floating exchange rate system, meaning the value of the Uganda Shilling is mainly determined by demand and supply for foreign currencies like the US Dollar. BoU may occasionally buy or sell foreign currency - not to force the shilling to a specific value, but to reduce excessive volatility and maintain stability in the market.
Read the full MPS May 2026: https://t.co/Qz7oO1mS2m
Watch the full press conference: https://t.co/9o9Ok2Wvil
Can Ugandans grow wealth in two economies? 🤔
Join us for the Equity Talks X Space with @qataharraymond and @WanokRobert as we unpack practical strategies for building and growing wealth across borders.
📅 Time: 5 PM (EAT)
Bring your questions, share your experiences, and be part of the live conversation.
#EquityBankUganda
Michael Carrick was a class act as a player and he can become a great coach as well. Nothing is impossible for this guy. Personally, I’m proud to have played with him by my side as well as with him as a manager on our bench. 🙌🏽👊🏽
"Chairman, a country without reserves is not sovereign. The potential of this Bill to destabilize Uganda’s balance of payments is our primary concern as a central bank. For example, last financial year the overall balance of payment surplus was USD 1.5 billion. That’s how we were able to increase our reserve coverage by USD 1.5 billion. Today as we speak our reserves are close to USD 6 billion. Why? Because these inflows have been coming in. The moment you tamper with these inflows here, we risk running down our reserves, and that is economic disaster for a country.” Governor Atingi-Ego on the Protection of Sovereignty Bill 2026 in an appearance before Parliament today.
“I listened to boda stories all the way home…up until vaccines became the topic.” 😅
Let’s be clear: vaccines are safe, effective, and they save children’s lives.
Don’t follow misinformation. Choose immunization.
#WorldImmunizationWeek