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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Uganda scoops three international tourism awards

Uganda has been crowned this year’s Grand prix and two times gold award by the International Tourism Film Festival Africa (ITFF) for its film, Explore Uganda- The Pearl of Africa.The event which was held in Cape Town, South Africa saw Uganda’s short f…

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 Abs…

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

Releated

Uganda scoops three international tourism awards

Uganda has been crowned this year’s Grand prix and two times gold award by the International Tourism Film Festival Africa (ITFF) for its film, Explore Uganda- The Pearl of Africa.The event which was held in Cape Town, South Africa saw Uganda’s short f…

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 Abs…