Under pressure: More shocks from global crises test East African currencies

Author: Bernard BusuulwaPublished on: October 17, 2026Country: Uganda
Business & Economy
Under pressure: More shocks from global crises test East African currencies

In June, the Ugandan shilling was the only major East African currency to strengthen against the dollar, gaining 1.4 percent to average 3,710 shillings per dollar. The rise was supported by gold exports, which generated more than $814 million in May, according to government data. The article says currencies in the region are being tested by pressure from global crises.

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