Ugandan Shilling (UGX)

QUOTE AND NEWS
Reuters  Oct 19  Comment 
The Ugandan shilling was unchanged against the dollar on Friday, with a central bank move to tighten liquidity conditions helping it consolidate its recent gains against the greenback.
Reuters  Sep 24  Comment 
The Ugandan shilling traded flat on Monday, under pressure as traders anticipated rising demand for dollars from retailers importing consumer goods for the year-end shopping season.
Reuters  Sep 17  Comment 
The Ugandan shilling traded flat against the dollar on Monday, but traders expect the central bank will seek to raise shilling liquidity ahead of a government debt auction, putting pressure on the local currency.
Reuters  Sep 7  Comment 
The Ugandan shilling edged up against the dollar on Friday as commercial banks pared down their greenback positions on the back of a lower-than-expected jump in dollar demand by local firms after a recent interest rate cut.
Reuters  Sep 3  Comment 
The Ugandan shilling was flat against the dollar on Monday but was expected to weaken later on a surge in dollar demand ahead of a widely expected rate cut by the central bank on Tuesday.
Reuters  Aug 31  Comment 
The Ugandan shilling edged lower against the dollar on Friday, undermined by market expectations of a cut in official interest rates next week after inflation slowed for the sixth month in a row.
Reuters  Aug 27  Comment 
The Ugandan shilling was stable against the dollar on Monday after the central bank intervened last week to try to slow its depreciation, but the market was betting on a weaker local currency ahead of an expected further policy loosening.
Reuters  Aug 22  Comment 
The Ugandan shilling fell on Wednesday, nearing a two-month low as banks bought dollars in anticipation of falling yields at Treasury bill sale, leading some offshore investors not to roll over their holdings.
Reuters  Aug 14  Comment 
The Ugandan shilling held steady against the dollar on Tuesday, with traders expecting the local currency to be supported by off-shore investors at this week's Treasury Bond auction.
Reuters  Aug 6  Comment 
The Ugandan shilling edged up against the dollar on Monday due to lower demand for the greenback and traders expected it to weaken in the medium to long term as a monetary policy easing cycle makes locally-issued debt less attractive.




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The Ugandan Shilling is the currency used in Uganda and replaced the East African shilling. Although the currency is supposed to be divisible into 100 cents, no subdivisions have been issued since 1987.

The chart at left shows the USD/UGX currency pair; the number of Ugandan Shilling equivalent to 1 U.S. Dollar (USD).

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