Business
Local currency gains slightly on Monday
The local unit closed at 3,528/3,538 compared to the opening levels of 3,535/3,545.
Local currency gains slightly on Monday
By: Ali Twaha, Journalists @New Vision
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The Uganda shilling began the week slightly stronger, supported by dollar inflows from remittances and commodity exporters.
Traders said corporate dollar demand has continued to ease in the market.
The local unit closed at 3,528/3,538 compared to the opening levels of 3,535/3,545.
Money markets opened the week with ample liquidity, Absa market shows, with short-term interbank rates trending lower at 9.55% for overnight and averaging 10.08% for one-week tenors.