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Ugandan shilling weakens amid a rise in demand by banks and importers

The shilling at 3,690/3,700, compared to Friday's close of 3,680/3,690. KAMPALA: The Ugandan shilling weakene
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  • The shilling at 3,690/3,700, compared to Friday's close of 3,680/3,690.

KAMPALA: The Ugandan shilling weakened on Monday on the back of  elevated demand for hard currency both in the interbank market and by merchandise importers, traders said.

At 0916 GMT commercial banks quoted the shilling at 3,690/3,700, compared to Friday's close of 3,680/3,690.

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