o  The Uganda shilling-U.S. dollar exchange rate has depreciated by around 20% relative to its September 2008 value reflecting lower inflows and even some outflows by portfolio investors. (It is estimated that foreign portfolio investors held around $ 400 million in GOU Treasury Bills and Bonds as of September 2008 and about $ as at end December 2008.)
o  Interest rates on government treasury bills and bonds have consequently also increased, with some knock-on effects on bank lending rates. •  Stock market. The Uganda securities Exchange (USE) all share index in the period July-October 2008 lost 39 percent. The month of October 2008 alone recorded the biggest loss of 28 percent.