Monday’s session was quiet as month-end flows continued to filter through the money market during a day that saw limited corporate demand for hard currency.

The local unit opened and closed Monday’s trading session at the 3520/3530 levels as domestic market forces remain subdued.

Money markets were fairly liquid according to Absa Trading, with overnight yields or interest rate at averages of 6.57%.

The Bank of Uganda will hold a treasury bill auction on September 29, 2021.