Shilling Ugandan currency stable as central bank mops up liquidity

At 0834 GMT, commercial banks quoted the shilling at 3,370/3,380, unchanged from Wednesday's close.

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Ugandan shilling stable as central bank mops up liquidity play

Ugandan shilling stable as central bank mops up liquidity

(Reuters)
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The Ugandan shilling held steady on Thursday, helped by removal of a large amount of excess liquidity from the interbank market via a seven-day repo.

At 0834 GMT, commercial banks quoted the shilling at 3,370/3,380, unchanged from Wednesday's close.

Bank of Uganda removed 604 billion shillings ($179.33 million) via the repo.

($1 = 3,368.0000 Ugandan shillings)

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