Zimbabwe's central bank is due to begin circulating new banknotes on Monday, which it says will help to ease a severe cash shortage as the country suffers a deepening economic crisis. The bank has played down fears that the move will fuel inflation, insisting that the new two- and five-
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The Uganda shilling appreciated mildly in the last trading session of the week ending 8th November 2019 with improved forex supply as market demand became less intense. Trading was in the range of 3695/3705. In the interbank shilling market, overnight funds traded at an average of 6% while one week
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The Uganda shilling hit a bit of volatility, trading sideways as pockets of demand emerged amid low fx supply in the week ending 1st November 2019. The unit traded above the support level of 3700 for most sessions of the week. In the interbank money market, there was sufficient liquidity
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The shilling traded in a stable range in the week ending October 18, 2019 as mid month corporate taxes limited the demand for dollars in a tight market. Trading was in the range of 3673/3685. In the local shilling market, overnight funds quoted at 6% while one week funds traded
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The Uganda shilling ceded some ground mid week following a surge in demand from the interbank and corporate players during the week ending 11th October 2019. At closing session trading was in the range of 3688/3698 compared to the week’s opening of 3670/3680. In the interbank money market overnight funds
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Old Mutual Ltd. shareholders are split on whether the South African insurer should pony up and settle with Chief Executive Officer Peter Moyo (pictured) or run the risk of a 250 million rand ($16.5 million) damages claim. All Weather Capital (Pty) Ltd. is up for a settlement if it will
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The Uganda shilling held its ground against the dollar during the week ending 4th October 2019, trading slightly stronger compared to the previous week. The unit was supported mainly by commodity in flows amid sagging demand from the major market players. Trading was in the range of 3675/3685. In the
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The Uganda shilling was stable in the first half of the trading week ending 27th September 2019, maintaining a narrow range supported by inflows mainly from nongovernmental organizations end of month conversions, but mildly weakened in closing session as some demand mainly from the manufacturing sector emerged. Trading was in
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The Uganda shilling held steady, deriving support from substantial inflows mainly from commodity exporters during the week ending 20th September 2019. Trading was in the range of 3665/3675. In the interbank shilling markets, both overnight and one week rates held at the previous week’s level of 7% and 10% respectively.
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The Uganda shilling strengthened, establishing a new support level of 3650 during the week ending 13th September 2019. Market activity was underpinned by low appetite for Forex from commercial banks and importers. The unit was also supported by inflows from offshore investors participation in the treasury bill auction. Trading was
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