NewzBank of Uganda Deputy Governor Prof. Augustus Nuwagaba has identified the expansion of export earnings as the primary strategy for ensuring the long-term stability of the Ugandan shilling. The central bank official emphasized that increasing the volume and value of exports is essential to bolster the nation's foreign exchange inflows.
This policy focus highlights the central bank's commitment to addressing currency volatility through structural economic improvements rather than short-term interventions. By prioritizing export growth, the Bank of Uganda aims to create a more sustainable foundation for the national currency's performance in the global market.
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