Ugandan shilling gains ground, helped by slowing importer demand

01 Jun, 2023

KAMPALA: The Ugandan shilling strengthened on Thursday, helped by a slowdown in demand for dollars from merchandise importers, traders said.

Kenyan shilling, Nigerian naira, Zambian kwacha seen under pressure

At 0750 GMT, commercial banks quoted the shilling at 3,755/3,765, stronger than Wednesday’s closing rate of 3,765/3,775.

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