Renewed greenback demand from manufacturing and energy sectors exert pressure on Uganda Shilling
Industry Markets

Renewed greenback demand from manufacturing and energy sectors exert pressure on Uganda Shilling

The Uganda shilling slumped further against the U.S dollar on Monday, closing the session at 3745/3765 weaker than Friday’s close of 3705/3725. Renewed greenback demand from the manufacturing and energy sectors exerted pressure on the home unit amidst a dearth of anticipated dollar inflows from the agriculture sector. The Regulator maintained its benchmark lending rate […]

interbank and corporate sector demand for foreign currency weakens shilling
Markets

interbank and corporate sector demand for foreign currency weakens shilling

Interbank and corporate sector demand for foreign currency weakens shilling: The Uganda shilling traded lower against the U.S. dollar on Thursday amid an uptick in foreign currency demand from interbank players and the corporate sector. Commercial banks quoted the USD/UGX pair at 3700/3720 higher than Wednesday’s close of 3685/3705. Prior to the weekend, a weaker […]