English>

Market News

Ugandan shilling stable as tax payments lend support - REUTERS

APRIL 16, 2025

According to the association, the naira has been subject to trade wars, exchange rate pressures, and speculative attacks, further complicating its trajectory


KAMPALA, April 16 (Reuters) - The Ugandan shilling was flat on Wednesday, drawing some support from low demand as most firms used their local currency holdings to clear their mid-month tax obligations, traders said.
At 0901 GMT, commercial banks quoted the shilling at 3,662/3,672, the same level as Tuesday's close.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics