Thursday May 26, 2011The Uganda shilling traded flat yesterday, although some players said it may strengthen against the dollar in coming days due to inflows to pay salaries with non-governmental organisations. At 10:50 GMT, commercial banks in Kampala quoted the local currency at 2,388/2,396 compared with Tuesday’s close of 2,385/2,395. “Inflows are expected to improve in the last week of the month to cater for salaries and other month-end obligations,” said a market research note by Barclays Bank Uganda. A sh95b two-year Treasury Bond was snapped up by investors yesterday and some traders had expected dollar inflows from offshore buyers to buoy the shilling.
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 .
If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page
feel free to ask our business travel consultants.
Our Sponsorship Policy
Uganda Hotels Booking Guide
Uganda Real Estates Guide
Uganda Safari Guide
Please enter the word that you see below.