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Shilling Gains Ground On Account Of Offshore Inflows

The Uganda Shilling gained significant ground on account of offshore inflows coupled with interbank unwinding long dollar positions during the week ending 5th October 2018. The latest shilling rally came amidst Central Bank monetary policy tightening on worries over growing inflationary pressures. Trading was in the range 0f 3770/3780. In the interbank shilling

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