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

ad. Buy Grade A Premium Uganda Vanilla Beans NOW Available for Export  

Uganda Shilling gains slightly against US dollar

Tuesday, 20th September, 2011

The Uganda shilling has appreciated against all the major traded currencies on the local foreign exchange market, holding onto last week’s spread.

The local unit, which touched its lowest trading level of sh2,900 against the dollar in July, trade at an average of 2775/2790 against the dollar yesterday.

Dealers said the market was stable with less activity. "Clients" laxity to buy and sell dollars has rendered us idle. We are just seated here reading newspapers.

"We hope for to be busy tomorrow as most clients come into the markets on Tuesdays," said a dealer at Spot Cash Forex Bureau.

Business yesterday opened with the shilling trading at 2775/2785, one shilling less than Saturday afternoon’s close.

By Macrines Nyapendi : 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.