Markets

Ugandan shilling stable; to firm due to gold, coffee FX flows

Published February 4, 2025 Updated February 4, 2025 03:35pm
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KAMPALA: The Ugandan shilling was steady on Tuesday, but it was expected to strengthen, helped by dollar inflows from gold and coffee exporters, traders said.

Ugandan shilling flat as FX appetite subdued, traders say

At 0937 GMT, commercial banks quoted the shilling at 3,675/3,685, compared with Monday’s closing rate of 3,680/3,690.