Markets

Ugandan shilling loses ground on reduced inflows

Published June 17, 2016 Updated June 17, 2016 01:24pm

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

KAMPALA: The Ugandan shilling weakened on Friday, undermined by a dip in hard currency inflows from charities in the face of rising demand from commercial banks and offshore players.

At 0941 GMT, commercial banks quoted the shilling at 3,355/3,365, weaker than Thursday's close of 3,347/3,357.

Read Comments