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BBCInflation is heating up but don't expect another crisis·BBCWhat's happening to UK interest rates and what does it mean for mortgages?·BBCWhat is happening to UK prices?·NYTThe ‘Betting Coup’ Shaking Up Horse Racing·BBCJump in energy bills drives UK inflation to highest rate for four months·Economic TimesSBI trims interest rates by 25 bps on select FDs·NYTTrump’s Tariffs on Hold as President Claims Deal With Canada Is Near·Economic TimesIT crash ahead? CLSA downgrades TCS, Infosys, Wipro, other stocks; revises target prices. Here's why·BBCInflation is heating up but don't expect another crisis·BBCWhat's happening to UK interest rates and what does it mean for mortgages?·BBCWhat is happening to UK prices?·NYTThe ‘Betting Coup’ Shaking Up Horse Racing·BBCJump in energy bills drives UK inflation to highest rate for four months·Economic TimesSBI trims interest rates by 25 bps on select FDs·NYTTrump’s Tariffs on Hold as President Claims Deal With Canada Is Near·Economic TimesIT crash ahead? CLSA downgrades TCS, Infosys, Wipro, other stocks; revises target prices. Here's why·
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Uganda

Ugandan Shilling (UGX)

37
Moderate
Risk
#72
of 171
Riskier
than 58% of currencies
36
global avg score
$839
$1,000 in 5 years
Impact on Citizens

Citizens need modest returns of 5.1% per year to keep up. Inflation is low — a basic savings account or index fund is enough to stay ahead.See savings calculator ↓

Economic Indicators

Inflation Rate
3.6%
Debt to GDP
54.4%
GDP Growth
6.3%
Broad Money / GDP
22.3%

Banking & Stability

NPL Ratio
3.9%
Reserve Months
2.4
Current Account
-7.8%
FX Volatility
11.3

Governance & Markets

Rule of Law
Not available
Black Market Premium
Not available
Capital Controls
21.0
Peg Fragility
Not available

Currency Structure

Global Currency Role
70.0
FX Regime
managed float
Data Coverage
75.0%

Savings Impact Calculator

UGX
Holding cash in UGX3.6% inflation
UGX 839−UGX 161 (16% purchasing power lost)
Your UGX 1,000 buys 16% less in 5 years
What if you invested UGX 1,000 instead? (5yr, in UGX terms)
USD-denominated assets gain an additional ~0.6%/yr from expected UGX depreciation vs USD
Hold USD Cash
UGX 885
−UGX 115
-2.4%/yr net in UGX
S&P 500
UGX 1653
+UGX 653
range: UGX 757–UGX 3250
10% USD return + 0.6% FX · ±16% vol
Gold
UGX 1509
+UGX 509
range: UGX 433–UGX 4096
8% USD return + 0.6% FX · ±24% vol
Bitcoin
UGX 3123
+UGX 2123
range: UGX 188–UGX 18.7k
25% USD return + 0.6% FX · ±54% vol

All values in UGX. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~0.6%/yr based on the inflation differential between Uganda (3.6%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Data last updated: 2026-08-19

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