Uganda devalues its currency
| Kampala, Uganda
The exchange rate of the Ugandan shilling was fixed at 78 to the dollar Monday -- one-tenth of the official value at the suspension of trading last week -- the Bank of Uganda announced. Foreign-exchange transactions were suspended last week after a budget speech in which President Milton Obote, who is also finance minister, said the shilling would be floated against other currencies and its value decided by supply and demand.