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KAMPALA: The Ugandan shilling weakened on Thursday, undercut by a surge in demand for hard currency by offshore investors cutting positions in local debt and firms looking to pay 2017 dividends.

At 1027 GMT commercial banks quoted the shilling at 3,690/3,700, compared to Wednesday's close of 3,685/3,695. The shilling last traded around 3,700 in October 2015.

Copyright Reuters, 2018
 

 

 

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