Uganda shilling continues to strengthen in Thursday trading

The Uganda shilling continued to strengthen during an overall quiet last trading day of March as last-minute month-end flows outweigh demand for dollars from corporates.

The local unit closed the trading session at 3580/3590 from opening levels of 3590/3600 per dollar.

Money markets were liquid according to Absa and the Bank of Uganda (BoU) mopped sh527b through a seven-day repurchase.

Source: New Vision


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