Uganda Shilling breaks Shs4,000 barrier as import costs rise

Overview:Bank of Uganda trading data on Monday, October 5, showed the dollar buying at Shs4,017.86 and selling at Shs4,027.86 at about 2:30pm, after the mid-rate had earlier stood at about Shs3,990.KAMPALA. Uganda’s shilling has breached the Shs4,000 mark against the US dollar for the first time in the central bank’s historical official exchange-rate series, signalling a sharp reversal for a currency that had been among the region’s stronger performers over the past two years.