×
The Standard e-Paper
Smart Minds Choose Us
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Uganda: Uganda’s Central Bank on Thursday sold an undisclosed amount of dollars for a fifth time this month to slow the shilling’s depreciation after the local currency came under pressure from heavy dollar demand.
Commercial banks quoted the shilling at 2,895/2,905 against the dollar after pulling back from 2,900/2,910, the level that triggered Bank of Uganda (BoU)’s intervention. The shilling is now down 4.3 per cent against the greenback so far this year, just shy of its lifetime’s low of 2,910/2,920 reached on September 23, 2011.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join