Markets

Ugandan shilling recovers after central bank dollar sale

Published March 5, 2015 Updated March 5, 2015 08:53am

1 min

By Nasir Ahmed

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KAMPALA: Uganda's central bank was offering US dollars for sale after the shilling weakened to a record low on Thursday, traders said.

The Bank of Uganda intervened after the local currency hit a new all-time low of 2,940/2,950 in early morning trading. The shilling's fall slowed to 2,930/2,940 after the dollar sell-off.

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