A New Foreign Currency Exchange Savior in the Ugandan Market
Photo Credit: New Vision Christmas is around the corner and as usual you all know that this is the period when our brothers and sisters on Kyeyo (diaspora) start sending some money to their friends and families to get ready for the festive season. Thursday 29 th November 2018 was no exception on my side when I received a few pounds from my cousin in the UK. I was able to withdraw my pounds in the morning but because I had to deliver on some morning routine chores, I did not manage to exchange the pounds for UGX immediately so I opted for the afternoon period. Curious on how much in UGX I was supposed to receive in exchange in the afternoon, I kept on looking at those dirty exchange rate boards that are always placed outside some forex bureaus. Like any smart Ugandan, I noted down the exchange rates only to return in the afternoon when everything has changed on the exchange rate boards. It was at this point that I bumped into a longtime friend of mine who whispered to m...