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View Full Version : Uganda Shilling May Slump 12% as Deficit Widens, Citigroup Says - Bloomberg



NewsWhore
05-05-2009, 01:10 PM
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Uganda Shilling May Slump 12% as Deficit Widens, Citigroup Says (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaMQIkNoLCzTU%26refer%3Dafrica&cid=0&ei=8nQASrWgLZvW7APk1On0Bw&usg=AFQjCNEiZTOACsi5E3KDfiXhtgj1LkyFbw)
Bloomberg - Garth Theunissen (http://news.google.com/news?svnum=10&as_scoring=n&tab=wn&as_drrb=q&as_qdr=&as_mind=11&as_minm=7&as_maxd=10&as_maxm=8&q=author:%22Garth Theunissen%22&hl=en&ned=us&ie=ISO-8859-1)
By Garth Theunissen May 5 (Bloomberg) -- Uganda&#39;s shilling may slump another 12 percent this year as the nation&#39;s current-account deficit widens and negative real interest rates encourage its citizens to buy foreign currency as a store of wealth, ...


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