Ugandan shilling to firm due to dollar inflows into bond auction

04 Sep, 2024

KAMPALA: The Ugandan shilling was little-changed on Wednesday and was expected to strengthen due to dollar inflows from offshore investors participating in this week’s Treasury bond auction, traders said.

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

At 0833 GMT, commercial banks quoted the shilling at 3,718/3,728, compared with Tuesday’s closing rate of 3,723/3,733.

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