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Uganda central bank warns bill could harm economy by restricting foreign inflows.
Uganda’s central bank warns the proposed Protection of Sovereignty Bill could reduce foreign reserves, weaken the shilling, and trigger inflation by restricting vital foreign financial inflows.
Governor Michael Atingi-Ego testified that capping unauthorized transfers threatens economic stability and forces difficult monetary choices.
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El banco central de Uganda advierte que Bill podría dañar la economía al restringir los flujos de entrada extranjeros.