Ugandan shilling weakens on increased FX demand from banks, importers

08 Jul, 2024

KAMPALA: The Ugandan shilling weakened on Monday due to increased demand for dollars from commercial banks and merchandise importers, traders said.

Ugandan shilling little-changed, expected to firm

At 0905 GMT, commercial banks quoted the shilling at 3,705/3,715 per dollar, compared with Friday’s closing rate of 3,693/3,703.

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