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Markets

Ugandan shilling steady amid thin exporter inflows

Published February 8, 2016 Updated February 8, 2016 01:53pm
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By Shoaib Ur Rehman
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imageKAMPALA: The Uganda shilling was steady on Monday, supported by weak dollar inflows from exporters.

At 0943 GMT commercial banks quoted the shilling at 3,440/3,450, little changed from Friday's close of 3,435/3,445.

"There are no inflows into the market, we're not seeing anything from usual sources like coffee exporters," said Ali Abbas, trader at Crane Bank.

Market players have said economic activity is slowing down ahead of a presidential election on Feb. 18.

Copyright Reuters, 2016

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