East African central banks to rebuild forex reserves

Bank of Uganda governor Tumusiime -Mutebile (centre) at one of the ordinary meetings of the Monetary Affairs Committee of the East African Community recently. Sitting in Kampala last week, central bank governors resolved to rebuild their countries’ foreign exchange reserves so as to mitigate financial risks that may occur.
FILE PHOTO

What you need to know:

  • Foreign exchange reserves are important indicators of ability to repay foreign debt.

Kampala.

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