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Uganda Shilling Maintains Stability Despite Slow Market

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uganda shilling maintains stability despite slow market
uganda shilling maintains stability despite slow market




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On Wednesday, the Uganda shilling began trading at the levels of 3745/3755 and concluded at 3748/3758. Throughout the day, the currency remained relatively stable.

Absa reported that the overnight yield averages stood at 10.25%, and the money markets displayed reasonable liquidity.






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In the course of the session, the Bank of Uganda conducted a treasury bill auction. Yields for various tenors, specifically the 91-day, 182-day, and 364-day, cleared at average rates of 9.310%, 12.362%, and 13.003%, respectively.

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Currency Opening Levels Closing Levels
Uganda Shilling 3745/3755 3748/3758
  • The Uganda shilling opened at 3745/3755 levels and closed at 3748/3758 levels.
  • The currency traded stably during the day.
  • Overnight yields averaged 10.25% according to Absa, and the money markets had sufficient liquidity.
  • The Bank of Uganda held a treasury bill auction during the session, with yields in various tenors clearing at average rates of 9.310%, 12.362%, and 13.003%.