Find visitors' favorite businesstravel Hotels And.... Book your best!

Uganda Shilling appreciates marginally

Monday May 23, 2011

The shilling appreciated against the US dollar during the week closing at 2382/87 compared to the previous close of 2390/95. “The market saw some sizeable demand for dollars but the upward momentum seems to have vanished with some inflows from NGOs supporting the shilling.

“Yields on treasuries continued their upward trend with the 91-ay, 182-day and one-year bills all jumping near 100-basis points in the mid- week auction,” Denis Mashanyu, a forex dealer at Standard Chartered Bank, said in a weekly report.

He expected the shilling to continue gaining against the dollar this week.
as end month conversions go through as well as from the interest rate perspective.

With the current interest rate regime we expect renewed offshore interest for government securities and that might increase demand for shillings. Expected trading is 2360-2395.

The New Vision Newspaper

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Africa Uganda Business Travel News .



Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page

then...

feel free to ask our business travel consultants.





Book a Prisons & Correctional
Charity Tour


Farmland for Sale
Prime Commercial Property
Entebbe Rd Land 4 Sale
Over 20 Farmland Parcels
Property & Plots of Land

Uganda Online SuperMarket
africaug.com
Online SuperMarket

Uganda Coffee Safari
Book My Coffee Tour

Uganda Honey
Uganda HoneyComb

Subscribe to our Business Travel Newsletter


Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Africa Uganda Business Travel News Digest.

Hotel Booking

Car RentalCar Hire

Africa Uganda Shipping & Handling ServicesShipping & Handling Services


Our Sponsorship Policy


Apple Guavas available
Africa Uganda Plants GuideAfrica Plants Guide

Charity Investment Guide
Changing Lives

Africa Uganda SMS Guide
Africa Bulk SMS

Poultry Investment Guide
Poultry Business Guide

Related Pages



Uganda Hotels Directory

Uganda Hotels Booking Guide


Houses U can buy Uganda Real Estate Guide Industrial/Farmland Deals

Uganda Real Estates Guide


The Mountain Gorilla

Uganda Safari Guide

Uganda Weather Today





Book My Hotel

Please note that all fields followed by an asterisk must be filled in.
YES
NO
YES
NO

Please enter the word that you see below.

  



Uganda Currency

Ex-guide