The Uganda shilling could have registered a marginal loss against the dollar last week but Bank of Uganda says that the local unit will rebound this week. The dollar traded on an average 2373/2384 on Friday from Thursday’s 2370/2380.
According to the director of communications at the Bank of Uganda, the shilling posted a marginal loss due to an expected demand for corporate companies to pay off dividends to their share holders from outside countries.
“Prospects of the shilling to gain
Sunday, May 1, 2011
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