Buy-Import-Export Premium Grade UGANDA VANILLA BEANS                           Buy-Import-Export Un-Refined Raw SHEA BUTTER 

Uganda Shilling may strengthen

Saturday May 28, 2011

UGANDA'S shilling is likely to strengthen due to dollar flows from foreign investors interested in buying high-yielding government securities.

Commercial banks in Kampala quoted the shilling at 2,388/2,393 against the dollar, slightly weaker than last Thursday’s 2,383/2,388.

“There’s an upcoming treasury bill auction next week which could attract considerable offshore interest and that could jerk up inflows and strengthen the shilling,” said Lucas Ochieng, treasurer at Orient Bank.

The Bank of Uganda is expected to sell 80 billion shillings ($33m) of Treasury bills next week.

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 Currency and Forex 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.



Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.