The Uganda shilling strengthened against a backdrop of strong inflows from commodity exporters and portfolio flows targeting the fixed income investments during the week ending 21st June 2019. Trading was in the range of 3690/3700 compared to Monday opening levels of 3715/3725. In the money market, overnight funds were priced
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The Uganda shilling gained ground supported by increased inflows amid low demand as Corporates geared for mid-month tax payments during the Market week ending 14th June 2019. The ongoing investigations on Bank of Uganda (BoU) officials over printing an extra unauthorized Shs90bn didn’t affect the local unit this week as
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Uganda has joined Tanzania to suspend the conversion of Kenyan Shillings as a measure to stop the rush to wash in illegally got cash in neighbouring countries after Kenya decided to issue newer series. In a statement last evening, Bank of Uganda said it had been informed by the
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Some Kenyan opposition politicians have called the new bank notes introduced over the weekend unconstitutional as they use the image of former President Jomo Kenyatta, privately-owned Daily Nation reports. One side of the notes features a statue of Mr Kenyatta rather than a formal portrait: Amani National Congress leader Musalia
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The Uganda shilling was ranging, oscillating up and down in a non- directional market. The unit opened the week stable, surrendered ground mid- week and at close of the trading, the shilling marginally strengthened supported by interbank selling. The trading was kept within the levels of 3755-3765. In the Interbank
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The Uganda Shilling was stable cushioned by dollars inflows as demand remained muted on corporate mid- month tax payments. Trading was in the range of 3765/3775 during the week ending May17, 2019. In the money market, overnight funds were priced at an average of 6% while one week was at
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Heightened demand kept the shilling on the back foot during the trading week ending 10th may 2019. The shilling was under immense pressure breaching the key level of 3775. Demand was mostly from the interbank and importers. In the money market, overnight funds traded at an average of 6% while
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The Uganda shilling ended the week ending 3rd May 2019 on a weaker tone on elevated demand mainly from the interbank as the effects of end month conversions that had improved supply conditions in the market were wearing off. Trading was in the range of 3753/63 at close of the
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At the close of the trading week ending 26th April 2019, the shilling showed signs of weakness, undercut by an upsurge in demand from the interbank and corporate sector. Trading was in the range of 3740/50 compared to the opening levels of 3725/35. In the interbank money market, overnight funds
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The Uganda shilling traded stable supported by portfolio and commodity flows as demand remained muted in a short trading week ahead of a long Easter weekend. Trading was in the range of 3730/3740. In the money market, the average interbank lending rates held at 7% and 10% for overnight and
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