Will shillings gain value when Uganda exports raw materials.
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8Every now and then the Ugandan shillings is falling in value but the only way to revive it is to increase in our exports. But the bad thing is that we export raw materials and import finished Goods. Does this make sense recently maize traders were crying for Kenya banning them from taking maize grains to Kenya. But think of the price they sell this maize and how much they would earn if they exported maize flour to Kenya. We even export things we can process our selves , things like coffee and so many others. We got the most beneficial mineral called petroleum but we export it and we shall import it again.
THAT IS UG . COM
How do you vote?
Raw materials are exported from Uganda though it doesn't goes to the national treasury other than benefiting dictator Museveni and his family. There are very many national resources exported from Uganda such as Gold, oil,uranium, electricity, timber, copper etc and raw materials such as coffee, cotton, agricultural products and so forth but why is it that Uganda's currency has no value? In simple terms it's a deliberate regime policy to keep Ugandans under absolute poverty while devaluing it's currency.
added by Anonymous 1015 days ago
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Ugandan shilling can not gain value. First of all is that,the government itself, is used to AIDS, LOANS and PRINTING CASH.
How do you expect the shilling to gain value when there are very many papers of Fiat money in hands of people?
The government itself does not have any income at all !!!! It is depending on revenue, taxing the natives to death!!
You get sh,10000/=,it has NO VALUE AT ALL !! Compare it to $ 10000 , £ 10000. or YEM 10000 !!!!
added by HASSAN LOKWII ANOCHE 1078 days ago
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Not sure because our leaders still government's money. By exporting raw material, think of changing the leaders.
added by Anonymous 1078 days ago
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Uganda's main problem about currency
Emates way back from top selfish administrators who emback on leveing high tax rates onto the natives that are willing to sprout new investiment ideas
Taje alook at Mandela millers which is believed to be under the shares of Salim Saleh the so called brother of MY.. He's well know fr tortouring Ugandan farmers through buying their maize right from the farms at 250/= a Kg , turns it into finished goods and selss it back to the same farmers at high prices
This is total heist
added by Anonymous 1078 days ago
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Thats the only indicator that our leaders happiness is to us suffering because they have the potential to own factories for our products we produce but because they want us to get the little and the importers earn bigger.
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added by Anonymous 1078 days ago
Ugandan Shillings would have gained value if the leaders work upon it with the aim of regaining its value but since the big man in chair careless! there is no much hope. He has out more emphasis on security not even health so why would we think that he cares about the shillings loosing value!
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The export won't solve any problems when our leaders are still greedy and only satisfying their stomachs.
added by Anonymous 1078 days ago
Hooo: indeed that's Uganda! Full of confusion but God can only help.
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Uganda shillings has no hope of gaining value because the government itself is less concerned and they have no plans to solve this problem and yet it should be number one on issues that need attention.
added by Anonymous 1079 days ago
Yes but if museveni is still in power nothing will change because remember he said his working for his family don't expect this country to develop
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added by Anonymous 1079 days ago