Shilling remains weak as BOU mops sh305b excess cash

The Uganda Shilling remained weak during Thursday’s session on continued interbank and pockets of corporate demand for dollars, traders said.

The local unit closed the session at the 3555/3565 levels per dollar.

Money markets were liquid according to Absa as the Bank of Uganda (BOU) mopped sh305b excess cash in a seven day repurchase.

Source: New Vision

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