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FX Daily Updates
Ugandan shilling stable; to weaken due to energy sector dollar demand
georgemiller
Publish Date: Fri, 04 Apr 2025, 09:21 AM
KAMPALA, April 4 (Reuters) - The Ugandan shilling was stable on Friday, but was expected to weaken, driven by demand for dollars from energy firms, traders said.
At 0904 GMT, commercial banks quoted the shilling at 3,648/3,658, compared with Thursday's closing of 3,647 / 3,657.
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https://www.reuters.com/markets/currencies/ugandan-shilling-stable-weaken-due-energy-sector-dollar-demand-2025-04-04/