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Ugandan shilling firmer, helped by inflows from foreign investors

The Ugandan shilling was stronger yesterday, helped by inflows from offshore investors looking to participate in this week’s Treasury debt auction attracted by rising yields.

Commercial banks quoted the shilling at 3,280/3,300, stronger than Monday’s close of 3,295/3,305. The shilling is 15.7 per cent weaker against the greenback so far this year.

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