Ugandan Member of Parliament Patrick Godfrey Wakida attributes the weakening of the Ugandan shilling in Uganda to internal economic pressures, specifically citing decreased foreign currency inflows, investor apprehension, and increased demand for US dollars. Wakida argues against attributing the currency’s decline solely to external factors. According to Wakida, domestic economic policies play a significant role in the depreciation. He stated this in a statement released on October 9th, 2026. Wakida’s comments suggest concerns about the underlying economic conditions within Uganda. His statements appear to challenge prevailing explanations for the shilling’s performance, pointing instead towards internal vulnerabilities. This analysis indicates a potentially complex situation impacting Uganda's financial stability.