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5 Exchange rates. 6 See also. 7 References. ... The Bank of Uganda cut its policy rate to 22% on 1 February 2012 after reduction of inflation for 3 consecutive months ...
The board of directors of the Bank of Uganda is the bank's supreme policy making body. It is chaired by the governor or, in his or her absence, by the deputy governor. The duties and powers of the board are specified by the Bank of Uganda Act. This Act makes the board responsible for the general management of the affairs of the bank. The board formulates policy and ensures
(Bloomberg) -- The Bank of Uganda raised interest rates for a third straight meeting and signaled its willingness to boost rates further if inflation isn’t reined in.Most Read from ...
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank. [2] The exchange opened to trading in January 1998.
UAE Exchange Bureau 1A - Amber House, 29-33 Kampala Road, Kampala; UAE Exchange Bureau 1B - 17 Lugogo Shoprite Mall, Kampala; UAE Exchange Bureau 1C - Transnile Building, 10 Johnstone Street, Kampala; Uganda City Forex Finance Limited - Jumbo Arcade, 9 Nakivubo Road, Kampala; Ultimate Forex Bureau - Zainabu Aziza Emporium, 4 Snay Bin Amir ...
United Bank for Africa Uganda Limited, also UBA Uganda, is a commercial bank in Uganda. It is licensed by the Bank of Uganda , the central bank and national banking regulator. [ 4 ] UBA Uganda is a subsidiary of the United Bank for Africa , headquartered in Lagos , Nigeria, with a presence in twenty African countries, the United Kingdom, France ...
The privatized UCB was merged with the former Grindlays Bank Uganda that the Standard Bank of South Africa already owned and had renamed Stanbic Bank (Uganda). The combined bank is now known as Stanbic Bank Uganda Limited. [5] As of 2008, Stanbic Uganda was the dominant commercial bank in Uganda, with about 27 percent of all bank assets and ...
Foreign-exchange reserves is generally used to intervene in the foreign exchange market to stabilize or influence the value of a country's currency. Central banks can buy or sell foreign currency to influence exchange rates directly. For example, if a currency is depreciating, a central bank can sell its reserves in foreign currency to buy its ...