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Uganda shilling appreciates against USD by 6.3 pct Xinhua 01 Jun 2021, 22:05 GMT+10 KAMPALA, June 1 (Xinhua) The depreciation of the U.S. dollar globally coupled with its increased inflows in Uganda by investors in government securities and private remittances have helped the Uganda shilling appreciate by 6.3 percent in May on an annual basis. Adam Mugume, executive director of research at Bank of Uganda, the country s central bank, told Xinhua in an interview on Tuesday that the shilling has seen a persistent appreciation trend since January 2021 through May. Mugume said the May appreciation was strong, registering a 6.3 percent year on year and a 1.95 percent month-on-month appreciation.

Adam mugumeMugume saidJanuary 2021For dollarsHas been