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Article: Uganda's trade slides back to deficit after short surplus period
- Article from:
- Xinhua News Agency
- Article date:
- October 28, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Uganda's trade slides back to deficit after short surplus period
KAMPALA, Oct. 28 (Xinhua) -- Uganda's balance of payment in August
2009 continued to slide into deficit compared to June 2009 when the
East African country registered a trade surplus, the country's
central bank said in a monthly report issued here on Wednesday.
Bank of Uganda (BOU) in its Economic and Financial Indicators
report for September 2009 said that the country in August 2009
registered a deficit of 36.4 million U.S. dollars compared to the
11.1 million dollar surplus it registered in June 2009.
"A trade deficit was registered in August 2009 on account of
reduced Informal Cross Border Trade exports attributed to ...