Markets

Ugandan shilling weakens, weighed down by a surge in interbank demand

  • At 0856GMT commercial banks quoted the shilling at 3,713/3,723, compared to Monday's close of 3,695/3,705.
Published September 29, 2020 Updated September 29, 2020 05:47pm
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KAMPALA: The Ugandan shilling traded weaker on Tuesday, undermined by a surge in demand for hard currency from commercial banks and some merchandise importers.

At 0856GMT commercial banks quoted the shilling at 3,713/3,723, compared to Monday's close of 3,695/3,705.