Currency

Currency update from Wednesday’s session

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KAMPALA – The Uganda shilling is still stuck within a narrow band having opened Wednesday’s session at the 3717/3727 levels and closed at the same level.

Traders said they “continue to see a balance between supply and demand” in overall quiet markets.

Overnight yields traded at averages of 10.98% according to Absa with tight liquidity conditions prevailing during the day’s session in the money markets.

The Bank of Uganda is scheduled to hold a treasury bill auction on August 28, 2024.


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