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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The Uganda shilling kept a firm stance in a short trading week following Easter holidays, in a market characterized with low demand as most market players stayed out. During the week ending 21st April 2017, trading was in the range of 3610/3620. In fixed income market, Bank of Uganda (BoU)
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The Uganda Shilling held firm in a short trading week with markets expecting a knee jerk reaction following Bank of Uganda (BoU)'s rate cut that was likely to stimulate demand for forex. On Wednesday, BoU cut its benchmark rate by from 11.5% to 11%, citing dismal growth in the first
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Ugandan moneybag, Sudhir Ruparelia's Crane Forex Bureau has been struck off the list of registered forex bureaus in the country in what appears to be another blow to the embattled tycoon. This action was taken by the country's Central Bank on Wednesday by an the Governor, Emmanuel Tumusiime Mutebile. Three
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The Uganda shilling surrendered some ground, trading weaker due to uptick in demand from energy, telecom and import sectors during the week ending 31st March 2017. Trading was in the range of 3610/3620. In the fixed income market, Shs160billion was on offer. Yields dropped on the 91 and 182 paper
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The Uganda Shilling held steady against the US dollar during the week ending 24th March 2017 as demand and supply remained balanced. The absence of strong corporate demand over the past few weeks provided an opportunity for Bank of Uganda (BoU) to purchase dollars for their reserve build up. Trading
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The Uganda Shilling was relatively stable against the US dollar supported by the Central Bank liquidity mop ups during the week ending February 10, 2017. Demand remained subdued. Trading was in the range of 3590/3600. In the money market, Overnight rate was 10% while one week money was at 12%.
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