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Economist Katabaazi Outlines Five Over looked Drivers of Shilling Depreciation
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Economist Katabaazi Outlines Five Over looked Drivers of Shilling Depreciation
Katabaazi who doubles as the Rukiga County Member of Parliament said the weakening of the shilling was being driven by several factors beyond rising global oil prices, including foreign companies repatriating profits, speculative demand for dollars, unremitted export earnings, government debt repayments and the growing preference for dollar-denominated payments.
·Uganda
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