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Economy / Uganda

Macroeconomic Forecast Uganda

October 2011 | Macroeconomic Forecasts

BMI View: The Ugandan shilling has been under pressure for most of 2011, and we now expect the year-end exchange rate to be about UGX2,800/US$. We believe that 2012 will see a slight recovery as domestic and international price pressures begin to ease, and we are forecasting an average rate of UGX2753/US$.

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