Ugandan shilling broadly stable, to ease due to importer FX demand

03 Sep, 2024

KAMPALA: The Ugandan shilling was broadly stable on Tuesday, although it was expected to weaken due to increased demand for dollars from general merchandise importers, traders said.

Ugandan shilling broadly stable in thin trading

At 0740 GMT, commercial banks quoted the shilling at 3,720/3,730, compared with Monday’s closing rate of 3,718/3,728.

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