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Tightening liquidity helps to support Ugandan shilling

At 0927 GMT, commercial banks quoted the shilling at 3,785/3,795, unchanged from Wednesday's closing price. K
Reuters 02 Apr 2020
  • At 0927 GMT, commercial banks quoted the shilling at 3,785/3,795, unchanged from Wednesday's closing price.

KAMPALA: The Ugandan shilling was stable on Thursday, supported by the central bank's move to mop up excess liquidity through seven-day repurchase agreement (repo) and a deposit auction.

At 0927 GMT, commercial banks quoted the shilling at 3,785/3,795, unchanged from Wednesday's closing price.

Tightening liquidity helps to support Ugandan shilling

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