Wednesday, June 1, 2011

Shilling unchanged against Dollar

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The Ugandan shilling was yesterday unchanged against the dollar as traders eyed a treasury bill auction for clues on the volume of dollar inflows into the debt market. Commercial banks quoted the local currency at 2,390/2,395, unchanged from Tuesday’s close. “The reality is that demand still outweighs supply and traders are doing their very best to keep the shilling below the key 2,400 level,” Mark Bitarabeho, head of sales at Standard Chartered Bank Uganda, said.

“There is some

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