Ugandan shilling weaker due to increased commercial bank FX demand

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Ugandan shilling weaker due to increased commercial bank FX demand

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The Ugandan shilling was weaker on Thursday.

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Published On: Thu, 01 Aug 2024 15:37:19 PKT

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KAMPALA: The Ugandan shilling was weaker on Thursday, pressured by strong demand for dollars from commercial banks, traders said.

At 0829 GMT, commercial banks quoted the shilling at 3,733/3,743, compared with Wednesday’s closing rate of 3,724/3,734.

 

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