ByonanebyeMD

I often wonder Why we accept HOT MONEY which we are aware will always Exit very fast whenever the US federal reserve raises rates (it always will) hence forcing us to also raise ours hence making national credit growth totally impossible. This has been happening for close to 2 decades now. During the 1998 financial Crisis, same, during 2013 Taper Tantrum, same. Everytime it happens, the UGX literally collapsed. ,, like today. I hear some $200 exited. How and why? How did it come into Uganda and why? Why claim Local Bonds are oversubscribed YET you included Strangers on the List? Who said Ugandans don't have Money to buy $200m worth of Treasury bills and bonds? Intead of offering 15% to a Foreign Hot money dealer, and risk Losing 20% value of UGX in 12 months, why not Just give the LOCAL investor 20%. Wouldn't that make us like Japan where almost all our National Debt would be domestically owned? I don't know for sure. But NOW the $200m is RUSHING back today,,, hence causing more financial Disorder sir. Because we are not sure how Much shall arrive and IF the US won't raise rates to 7% next week. What a confusing planetary economy