East Africa: Uganda Buys $1.5 Billion, Uses FX Swaps to Grow Reserves

Tehnologie

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. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications

East Africa: Uganda Buys $1.5 Billion, Uses FX Swaps to Grow Reserves Bloomberg Markets and Finance - 15.05.2025 07:05
East Africa: Uganda Buys $1.5 Billion, Uses FX Swaps to Grow Reserves Bloomberg Markets and Finance - 15.05.2025 07:05

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East Africa: Uganda Buys $1.5 Billion, Uses FX Swaps to Grow Reserves Bloomberg Markets and Finance - 15.05.2025 07:05
East Africa: Uganda Buys $1.5 Billion, Uses FX Swaps to Grow Reserves Bloomberg Markets and Finance - 15.05.2025 07:05