The Ugandan shilling fell on Monday amidst a surge in demand for the greenback by commercial banks as business activity resumes after the holidays.

At 0904 GMT, commercial banks quoted the shilling at 3,385/3,395, weaker than Thursday's close of 3,365/3,375.

"Firms are expected to start (dollar) buying as they return from holidays," said Faisal Bukenya, head of market making at Barclays Bank.

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