Currencies

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

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

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

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

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

The Uganda shilling weakened mid-week undercut by strong demand mainly from the interbank players building positions in anticipation of corporate activity on account of dividend payments during the week ending 12th April 2019.  At the close of the week, the shilling however stabilized as some market players squared and there