Uganda calls emergency bank meeting
Ugandas central bank scheduled an emergency policy meeting for Wednesday as the shilling hits repeated record lows against the dollar. The currency has dropped over 11 percent this year amid ongoing market depreciation.
Uganda's central bank called an emergency Monetary Policy Committee meeting for Wednesday after the local currency slumped to repeated all-idols lows against the dollar. The shilling has fallen more than 11% against the greenback this year. Central bank officials face mounting pressure to stem the currency's slide without direct market interventions.