Bank of Uganda

But to your question, in terms of what we've seen over time, we've noted various foreign exchange regulation changes, notably in Nigeria, which has significantly unified various different exchange platforms and, and simplified price discovery in that market.

We've seen deliberate efforts by the Central Bank of Uganda around entering into, uh, open markets operations with the local market, leveraging tools like FX swaps and repos, signing ISDAs and GMRAs, uh, with, with the market as well, all in a bid to improve liquidity.

And I think as part of the conversation with, with the different markets and emphasizing some of the measures and the principles that we look at through the Africa Financial Markets Index, these are all deliberate efforts and policy decisions that regulators-

Mm-hmm

I asked you this when the cameras went on going but how did you first hear about this podcast and did you know about this podcast?

I actually got to, one time I was actually going through my social media and I came upon this podcast where you are interfaced with Fumla from Bank of Uganda.

Interesting topic it was.

It was also about financials.

Now let's just jump to the U's.

Bank of Uganda.

National Bank of Ukraine.

Central Bank of United Arab Emirates.

Many years ago, I go to a very seasoned banker in one of the biggest banks in town.

I had, that time, many, many years ago, I had bank balance of $150,000, but there was a, a fund in Bank of Uganda which was supposed to be helping with tourism.

Very small.

Many years ago.

So it makes it extremely, very, very, very hard.

And I'm telling you this because me, I was a very angry man at one point.

I also wanted to own a bank, by the way, because of that kind of stu- I've, I've always had that dream, but Bank of Uganda has messed me up completely.

So three, four years ago wanted to buy a bank, and it's good this is comes public.

No, not in my country.

My currency cannot lose value when I'm here," and I'm telling you, it has to go back to 2,900 whether Bank of Uganda intervenes or it doesn't.

Then they will know there are prophets in this country.

[cheers] [applause] Last night, last night, I managed to move out, and, uh, you are going to hear in the next four or five days, they are going to catch people who have been trying to sneak a bomb in a TV set into the parliament.