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This poll has completed. It ran from July 17, 2015, 7:59 a.m. through July 23, 2015, 2:03 p.m.
Do you think the rising dollar rate is already affecting your day to day life?
Background
At the beginning of 2015 the shilling
was trading at about Shs 2,784 against the dollar but is now at about Shs 3,450. This is a depreciation of 27% over
the course of the 2014/15 fiscal year.
Uganda’s export of goods and services
fell in the last year and our higher dependence on imports means the cost of
living is going to go up significantly with the fuel price already rising.
The current political climate
within Uganda is also creating a lot of uncertainty and foreign investors are
holding onto their money as we head into next year’s elections.
The Central Bank governor,
Emmanuel Tumusiime Mutebile warned that ‘there is little prospect for
substantial improvement in the external economic environment in 2015/16’.
Experts are warning that it’s
probably going to depreciate further considering that electioneering money has
started to get into the economy ahead of the 2016 polls, the Uganda shilling
has a long road to recovery.
Question
Do you think the rising dollar rate is already affecting your day to day life?
A. Yes
B. No
Instructions
Go to messages on your phone. Type PACIS followed by your DISTRICT and A or B. Send your message to 8585. This SMS is completely FREE OF CHARGE.
Results by location
No responses yet for 105 categories.
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