Ugandan shilling little-changed; dollar demand low due to tax payments

KAMPALA: The Ugandan shilling was little-changed on Wednesday, but was expected to firm on the back of low demand for dollars due to most companies preparing to pay local taxes, traders said.

Ugandan shilling unchanged; traders await central bank rate decision

At 0914 GMT, commercial banks quoted the shilling at 3,650/3,660, compared with Tuesday’s closing rate of 3,655/3,665.