The Ugandan shilling weakened modestly on Tuesday as commercial banks sought dollars to cover short positions in the U.S. currency.
Shilling slips as banks cover short dollar positions
At 0754 GMT commercial banks quoted the shilling at 3,385/3,395, slightly weaker than Monday's close of 3,375/3,385.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Badagry residents stranded as petrol hits ₦1,000 per litre amid fuel scarcity
NNPC staff alleged of luxury acquisition of properties threatens lawsuit
Ogun Govt warns residents on impending flood disaster, urges relocation
15-yr-old girl predicts her JAMB score but scored 12 marks below prediction
Workers Day: FG declares May 1 public holiday
Sanwo-Olu grants ₦849.5m scholarships, bursaries to 10,000 tertiary students
Wike orders urgent repairs for Dogon Gida Culvert to prevent loss of lives
Glovo, Jumia, and 6 businesses that have exited the Ghanaian market
Nigerian Navy saves over 250 passengers from capsised boat in Rivers
ADVERTISEMENT