Friday, July 8, 2011

Mutebile makes U-Turn

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Exogenous factors drive central bank into change of direction
By Patrick Kagenda

When early last month the Financial Times of London said Mutebile had disagreed with President Museveni on economic policies and on how to spend the $500 million oil taxation money, little did it know that, that statement would send the Uganda shilling reeling to its lowest exchange rate ever.

“I never said at any time that I was opposed to Presiden Museveni`s fundamental economic policies nor to the

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