Additionally, land prices in the metropolitan areas recorded a turnaround recently, as evidenced by more active transactions and the resultant increase in residential and commercial land prices (Chart 9).
Indeed, this has resulted in investors developing confidence in the economy as evidenced by the recent surge in inflows from offshore investors as well as a surge in remittances from Ugandans in the Diaspora. However, some instability was experienced recently in the forex market, which tended to disrupt the conduct of monetary policy.