{{Uganda is currently earning about Shs54.2 billion from her exports to South Sudan down from about Shs271 billion the country used to earn from the trade on a monthly basis.}}<\/p>\n
This indicates that Uganda\u2019s trade with South Sudan has declined by 80 per cent in the last two months thus exerting pressure on the country\u2019s foreign exchange earning from exports.<\/p>\n
The decline also means that the shilling is likely to face depreciation shocks resulting from reduced dollar inflows.<\/p>\n
The executive director research at Bank of Uganda, Dr Adam Mugume, said the decline in Uganda\u2019s exports to South Sudan is due to scarcity of dollars in South Sudan.<\/p>\n
However, Bank of Uganda’s state of the economy report indicates that Uganda\u2019s exports increased by Shs35.2 billion to Shs650.4 billion in November 2012, despite a fall in coffee prices on account of higher coffee export volumes after the onset of the coffee season.<\/p>\n
The import bill increased by Shs62.3 billion to Shs1.1 trillion in November 2012 from Shs1.1trillion in October 2012, due to an increase in government project and non-project imports during the period.<\/p>\n
{DailyMonitor}<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Uganda is currently earning about Shs54.2 billion from her exports to South Sudan down from about Shs271 billion the country used to earn from the trade on a monthly basis.}} This indicates that Uganda\u2019s trade with South Sudan has declined by 80 per cent in the last two months thus exerting pressure on the country\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[99],"byline":[170],"hashtag":[],"class_list":["post-5044","post","type-post","status-publish","format-standard","hentry","category-business","tag-greatlakesnews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/5044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=5044"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/5044\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=5044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=5044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=5044"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=5044"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=5044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}