Business
How the shilling traded on Thursday
The greenback closed at 3775/3785, up from the opening levels of 3770/3780.
Money markets were liquid on Thursday prompting the Central Bank to conduct open market operations through the sale of Bank of Uganda bills, according to Absa data.
By: Ali Twaha, Journalist @New Vision
KAMPALA - The dollar gained marginal strength against the Uganda shilling during Thursday’s session, supported by demand from the energy and manufacturing sectors in a broadly quiet trading session.
The greenback closed at 3775/3785, up from the opening levels of 3770/3780.
Money markets were liquid on Thursday prompting the Central Bank to conduct open market operations through the sale of Bank of Uganda bills, according to Absa data.
Overnight funds averaged at 9.86%.