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Increasing import bill hits foreign exchange reserves


Increasing import bill hits foreign exchange reserves  
Monday May 24 2021
Demand for imports has been increasing amid low dollar inflows, which has forced the Central Bank to step in. Photo | File
Summary
This was a result of the growing demand for imports amid a slowdown in dollar inflows and low export receipts. 
The drawdown, therefore, resulted into a slight decline in the duration of foreign exchange reserve cover for imports from 4.4 months to 4.3 months.
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Bank of Uganda made a $216.8m drawdown from the reserve account during the quarter ended February to fund a widening deficit resulting from growth in the import bill.  ....

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The Federal Reserve's New Framework And Outcome-Based Forward Guidance, Vice Chair Richard H. Clarida, At "SOMC: The Federal Reserve's New Policy Framework" A Forum Sponsored By The Manhattan Institute's Shadow Open Market Committee, New York, New York (Via Webcast)


The Federal Reserve s New Framework And Outcome-Based Forward Guidance, Vice Chair Richard H. Clarida, At SOMC: The Federal Reserve’s New Policy Framework A Forum Sponsored By The Manhattan Institute s Shadow Open Market Committee, New York, New York (Via Webcast)
The Federal Reserve s New Framework And Outcome-Based Forward Guidance, Vice Chair Richard H. Clarida, At SOMC: The Federal Reserve’s New Policy Framework A Forum Sponsored By The Manhattan Institute s Shadow Open Market Committee, New York, New York (Via Webcast)
Date
14/04/2021
On August 27, the Federal Open Market Committee (FOMC) unanimously approved a revised Statement on Longer-Run Goals and Monetary Policy Strategy, and, at its September and December FOMC meetings, the Committee made material changes to its forward guidance to bring it into line with this new policy framework.1 Before I discuss the new framework and the policy implications that flow from it, I will first review ....

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