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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)

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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