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Ugandan shilling stable as tax payments lend support

Published April 16, 2025 Updated April 16, 2025 02:46pm
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KAMPALA: The Ugandan shilling was flat on Wednesday, drawing some support from low demand as most firms used their local currency holdings to clear their mid-month tax obligations, traders said.

At 0901 GMT, commercial banks quoted the shilling at 3,662/3,672, the same level as Tuesday’s close.