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Shilling weakens despite month-end inflows on Monday - Uganda Newswire

Shilling weakens despite month-end inflows on Monday

Despite month-end inflows, the Uganda shilling weakened marginally on Monday driven by the appetite for dollars from corporate and interbank players, traders said.

The Uganda shilling shed some gains to close the day’s trading at 3525/3535 levels from an opening of 3515/3525 per dollar.

Money markets were liquid according to Absa as the Bank of Uganda mopped sh195b in a three-day repurchase.

Source: New Vision

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