The Uganda Shilling maintained a stable stance, supported by end month inflows mainly from NGO's and commodities amid very low demand levels in the market during the trading week ending 31st August 2017. Trading was in the range of 3585/3595. Similarly, in the interbank money market, rates remained stable with
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The Uganda shilling held its ground in a flat market as demand remained weak for the week ending 25th August 2017. Trading was in the range of 3595/3605. In the interbank money market, the Shilling rates were equally stable trading at 7% for overnight and 10 % for 1 week
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The Uganda Shilling was broadly stable for the week ending 18th August 2017 supported by inflows from coffee exports and other commodities against very low demand. Trading was in the range of 3695/3605. In the interbank money market, overnight funds traded at 7% while 1 week money traded at 10%.
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The Uganda Shilling held firm against the US dollar supported by tepid demand from market players during the week ending 11th August 2017. Most traders remained short on dollars while keeping an eye on political developments in Kenya and also looking out for a signal from the policy meeting that was
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The Uganda Shilling weakened slightly on account of elevated demand from energy and manufacturing sectors but stabilized at close of the week ending 4th August 2017 as demand waned. Trading was in range of 3610/3620. In the fixed income market, BoU offered 170 billion in the Treasury bill auction. Yields
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The Uganda Shilling held firm against the US dollar in the week ending 28th July 2017 supported by the Central Bank mopping of excess liquidity. Demand remained low. Trading was in the range of 3690/3600. In the fixed income market, there was no primary auction for government securities. “Shilling forecast
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The Uganda shilling held firm against the US dollar on the back of subdued market activity as most players stayed out of market due to mid month tax payments. Trading was in the range of 3580/3590 during the week ending 16th June 2017 In the fixed income market there was
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The government of Uganda has disclosed why the Uganda Shilling will weaken further in the medium term. This is contained in the background to the budget for Financial Year 2017/18. “Over the medium term, the Shilling is expected to continue weakening on account of global financial conditions, weak current account
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The Bank of Uganda (BoU), the regulator of Uganda’s financial sector has spoken out for the first time on the ongoing public debate about the recent burial of socialite Ivan Ssemwanga where lots of money (Uganda Shilling notes) where thrown into his grave. The public has come out to demand
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The Uganda shilling shed its gains against the US dollar as demand picked up mainly from commercial banks building positions and a bit of import demand during the week ending 12th May 2017. Bank of Uganda (BoU) was in the market propping up the currency through repo operations. Trading was
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