Markets

Ugandan shilling marginally higher as demand slumps

Published April 19, 2024 Updated April 19, 2024 01:42pm
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KAMPALA: The Ugandan shilling was marginally stronger on Friday amid a general slump in appetite for hard currency from both importers and players in the interbank market, traders said.

Ugandan shilling weakens due to energy and manufacturing sector FX demand

At 0741 GMT, commercial banks quoted the shilling at 3,805/3,815, compared to Thursday’s close of 3,808/3,818.