In the inter-bank shilling market, overnight funds traded at an average of 7% while one week funds quoted at 10%, a slight indication of emerging tightness...
In the opening session on Tuesday, forex bureaus in Kampala quoted the Shilling to be trading at 3,732.79/ 3,742.79 buying and selling respectively
Nearing midday in London, the pound was down about 0.3 percent versus both the dollar and euro.
The Statistics Act of 2017 bans any publication of statistical information contrary to the official figures, with possible jail terms for those who do....
“Outlook for the shilling indicates a choppy market on account of slackened demand."
Sudan has struggled to boost its foreign currency reserves since the south split from the north in 2011, taking with it the bulk of the country's oil revenues....
This is how the Ugandan shilling is trading against other currencies
Source: Bank of Uganda
This is how the Ugandan shilling is trading against various currencies
Market analysis suggests that rates have bottomed out.
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