The Uganda shilling on January 2 recovered from previous session’s losses to turn higher against the greenback amid a drop in foreign currency demand.

Shilling maintains stability against dollar

The Uganda shilling barely moved against the greenback on Thursday with little to display on the demand and supply counters. Scant dollar inflows quenched foreign currency demand from interbank players for the majority of the session, leaving the shilling unaffected at the 3720/3740 levels same as previous close. Ahead of the weekend, outlook remains towards […]