"This week, the shilling is likely to remain range-bound as inflows and outflows are expected to remain balanced."
Over the same period, China’s share of world GDP almost quadrupled, to around 16% (just behind the US)
Demand for dollars bore down on the shilling after the local unit had strengthened.
The shilling strengthened last week and touched a three-week high on account of improved forex inflows.
Fears of a strong currency are by no means limited to emerging economies.
Bank of Uganda
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