The US dollar remained under pressure, having tumbled to a six-month euro low after Trump ousted Comey.
"There's a drop of demand for the dollar from corporates which has supported the local currency."
"I think our dollar is getting too strong and partially that's my fault because people have confidence in me," he said. "That will hurt ultimately."
Alpha Capital Partners Stephen Kaboyo noted that the Uganda shilling was steady against the dollar primarily on account of tight liquidity conditions that...
The Central Bank of Nigeria (CBN) currently sells dollars in the country's multiple forex markets at 315 to 375 naira, allowing dealers to make a small...
For every dollar, Ugandans must now fork out an extra sh209 in a space of just six months.
The unit shed off close to 35/= during the week to trade in the range of 3625/35.
By Thursday afternoon, the shilling was trading in the range of 3,596/3,606 weaker than Wednesday's close of 3,580/ 3,590.
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