macro

Ailing Shilling forces BoU into emergency policy tightening amid $200m capital flight - Daily Monitor

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DW NOTE

The Bank of Uganda is tightening into a capital flight event because the shilling's collapse has made inaction politically impossible. Emergency policy shifts during dollar runs don't stabilize currencies — they confirm that reserves are insufficient to defend the peg and that the central bank is behind the curve. If BoU had $200m to spare, it wouldn't be tightening in emergency session.

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