Uganda shilling unchanged but interbank demand poses risk

A man counts U.S dollars at a money exchange office in central Cairo, Egypt December 27, 2016. Picture taken December 27, 2016. REUTERS/Mohamed Abd El Ghany

KAMPALA (Reuters) – The Uganda shilling was unchanged on Tuesday but some dollar demand by players in the interbank market was seen posing a depreciation risk for the local currency.

At 0852 GMT, commercial banks quoted the shilling at 3,580/3,590, the same level as Monday’s close.

(Reporting by Elias Biryabarema; Editing by Aaron Maasho)

This site uses Akismet to reduce spam. Learn how your comment data is processed.