Ugandan shilling firms as banks eye spike in holiday withdrawals

December 22, 2015 11:16 AM

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KAMPALA Dec 22 The Ugandan shilling was a touch stronger on Tuesday amid low dollar demand, with banks holding onto their local currency reserves ahead of the Christmas holiday, when they anticipate a surge in cash withdrawals.

At 1034 GMT commercial banks quoted the shilling at 3,315/3,325, stronger than Monday's close of 3,320/3,330.

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