How Ugandan Gold Surge is Redefining its Economic Trajectory as Dollar Weakens
18:06 28.01.2026 (Updated: 18:24 28.01.2026)
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How Ugandan Gold Surge is Redefining its Economic Trajectory as Dollar Weakens
“As we have seen, the gold surge can affect price stability and foreign exchange stability. So, central banks need to take an interest in this. The central bank can increase, for example, the official gold reserves. The central bank can decide to purchase excess gold on the market and keep it as reserves. This will help to maintain the exchange rate stability in the country. So, central banks need to purchase domestic gold to ensure that they limit excessive appreciation of the local currency. They can use the receipts to repay external debts.”
This episode of #PanAfricanFrequency draws insights from the interview with Dr. Peter Babyenda, the policy engagement coordinator at the College of Business and Management Sciences, Makerere University, Uganda, as he explains the reasons behind Uganda’s golden rise and what this means for the broader African market, regional stability, and the continent’s voice in global finance.
Tune in to listen to how the increase in Uganda's gold exports can influence regional trade flows and partnerships within the continent.
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