Ugandan shilling weaker due to increased commercial bank FX demand

01 Aug, 2024

KAMPALA: The Ugandan shilling was weaker on Thursday, pressured by strong demand for dollars from commercial banks, traders said.

Ugandan shilling strengthens; NGO dollar inflows help

At 0829 GMT, commercial banks quoted the shilling at 3,733/3,743, compared with Wednesday’s closing rate of 3,724/3,734.

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