Markets

Ugandan shilling stable, draws support from mop-up

Published February 17, 2017 Updated February 17, 2017 12:07pm

1 min

By Shoaib Ur Rehman

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KAMPALA: The Ugandan shilling was stable on Friday, helped by central bank mopping up 625 billion shillings ($174.43 million)in excess liquidity using a six-day repurchase agreement.

At 0856 GMT, commercial banks quoted the shilling at 3,585/3,595, unchanged from Wednesday's close. Markets were closed on Thursday due to a holiday.

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