The Uganda shilling held its ground on account of sagging demand as interbank market players unwound positions. Trading was in the range of 3675/3685. In the shilling interbank market, overnight funds quoted at 7% while one week funds traded at the previous level of 10%. In the fixed income market,
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The Uganda shilling was relatively stable all week trading within a range of 3683/3693 supported by end month flows from commodity exporters and charities. In the local shilling market, overnight funds were quoted at 7% and one week held at previous week’s average of 10%. In the fixed income market,
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The Uganda shilling mildly strengthened on the back of improved inflows mainly from the commodity exporters during the week ending 23rd August 2019. Trading was in the range of 3685/3695, a touch stronger compared to opening levels of 3690/3670. In the interbank money market overnight funds traded at 7% while
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The Uganda shilling held steady against the dollar amid muted demand and it further consolidated its position following the Central Bank neutral monetary policy stance during the week ending 16th August 2019. Trading was in the range of 3685/3695. In the Interbank money market, overnight funds quoted at 7% while
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The Uganda Shilling remained largely stable over the quarter ended May 2019 despite some volatility recorded in April 2019. However, according to the State of the Economy Report released by Bank of Uganda (BoU) in July 2019, outlook indicates that the local unit is likely to get weaker. On quarterly
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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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