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Ugandan shilling firms a touch on soft demand
March 9, 2016 / 10:39 AM / 2 years ago

Ugandan shilling firms a touch on soft demand

KAMPALA, March 9 (Reuters) - The Ugandan shilling was a touch stronger on Wednesday, helped by tepid demand for dollars from both corporate firms and commercial banks.

At 0947 GMT commercial banks quoted the shilling at 3,355/3,365, stronger than Monday’s close of 3,365/3,375. Markets were closed on Tuesday, which was a holiday.

“Players from both the corporate sector and banks are not showing any interest on the demand side...that’s what has pushed up the shilling,” said a trader from a leading commercial bank.

Some traders have said corporate economic activity remains slow as uncertainty lingers from last month’s disputed presidential election. Long-serving President Yoweri Museveni was declared the winner, although the opposition has rejected the results.

UGX Spot Rate.....

Ugandan Shilling Money Guide....

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Uganda Equities Guide.......

Uganda All Share Index........

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Ugandan Debt Guide............

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Uganda Benchmark.............

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Ugandan Contributor Index....

Uganda Coffee Prices.......

Reporting by Elias Biryabarema; editing by Edith Honan

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