{UAH} NRM CANNOT CUT ITS UMBILICAL CORD.

A strong dollar is good for exporters and bad news for importers. A weak shillings helps exporters produce using low valued currency/shilling, and because selling is made in a strong valued currency/dollar, after exchange is done, the difference translates into big sales margin. Therefore the valve of a dollar increase when its demand increases too, but ask yourself one question- what do we import using a dollar that we cant produce here locally or at least reduce the imports since they seem to be the main cause of this currency depreciation problem. Foreign investors who make money here in local currency and repatriate profits in dollars are also a problem which must be dealt with.

 However, all this is the work of the central bank which unfortunately is being run by NRM cadres, who consider regime survival first and professionalism later. Reducing volume of imports is not in the interest of the regime because they are the source of taxes/revenues the regime use to rent and hire support of ignorant, diseased and poor citizens.Looking at what weakens the shilling,some of these weakening factors are not necessary important. Like we import 95.5% of clothes in Uganda when our cotton is the second best organic type in the whole world. If govt has failed to help in all this, how about the private sector! has it helped the situation or it is also worsening the situation. Off course importers reap profits and so is govt as it taxes them and gain revenue. And guess who suffers in all this! its consumers/economy. Importation kills local industries and citizens are deprived of job opportunities.

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"When a man is stung by a bee, he doesn't set off to destroy all beehives"

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