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Ugandan shilling weaker due to increased commercial bank FX demand

Ugandan shilling weaker due to increased commercial bank FX demand
Updated on

Summary The Ugandan shilling was weaker on Thursday.

KAMPALA: The Ugandan shilling was weaker on Thursday, pressured by strong demand for dollars from commercial banks, traders said.

At 0829 GMT, commercial banks quoted the shilling at 3,733/3,743, compared with Wednesday’s closing rate of 3,724/3,734.

 

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