During Thursday’s trading session, the demand for US dollars had an impact on the value of the Ugandan shilling, causing limited fluctuations in the exchange rate.
The exchange rate for the Ugandan shilling remained consistent at the levels of 3750/3760 throughout the day. Money markets experienced reasonable liquidity on Thursday, and overnight yields averaged at 10.48%, as reported by Absa.
Additionally, it is worth noting that the Bank of Uganda has scheduled a Bond switch auction for the January 18, 2024, treasury bond on October 18, 2023.
