Wednesday, May 25, 2011

NGO salaries strengthen shilling

/ On : 6:27 PM/ Thank you for visiting my small blog here. If you wanted to discuss or have the question around this article, please contact me e-mail at herdiansyah hamzah@yahoo.com.
The shilling traded flat yesterday, although some players said it may strengthen against the dollar in coming days with inflows payments of salaries by non-government organisations. Commercial banks in Kampala quoted the local currency at 2,388/2,396 compared with Tuesday’s close of
2,385/2,395.

“Inflows are expected to improve in the last week of the month to cater for salaries and other month-end obligations,” said a market research note by Barclays Bank Uganda. A two-year Treasury

Read more ...

0 comments:

Post a Comment