Currency stable as central bank mops sh253b excess cash

The Uganda shilling was stable during the quiet Thursday’s trading session as the central bank mopped up sh253b in excess liquidity from the market.

The local unit closed the day’s session at the 3540/3550 levels per dollar.

Despite the mop-up, money markets remained liquid according to Absa ahead of the sh205b treasury bill auction scheduled for April 13.

Source: New Vision