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Markets

Ugandan shilling extends losing streak amid demand by banks, offshore investors

At 0747 GMT commercial banks quoted the shilling at 3,840/3,850, compared to Friday's close of 3,820/3,830. K
23 Mar 2020
  • At 0747 GMT commercial banks quoted the shilling at 3,840/3,850, compared to Friday's close of 3,820/3,830.

KAMPALA: The Ugandan shilling weakened on Monday, pressured by offshore investors dumping local assets and commercial banks beefing up their hard currency positions.

At 0747 GMT commercial banks quoted the shilling at 3,840/3,850, compared to Friday's close of 3,820/3,830.