As on date, China’s current account surplus (in relation to its GDP) has declined from the pre-crisis peak, and China’s real effective exchange rate has also appreciated since 2005, even though it is widely believed that it needs to appreciate further.
Emmanuel Tumusiime-Mutebile: Mobile money and the economy Opening remarks by Mr Emmanuel Tumusiime-Mutebile, Governor of the Bank of Uganda, at the workshop on “The Economics of Mobile Money”, Kampala, 12 February 2015. *  *  *  Representatives of the Private Sector Stakeholders, Academicians, Policy Analysts and Practitioners, Ladies and Gentlemen. Good morning.