Ugandan shilling strengthens as tax payments trim dollar demand

January 18, 2016 10:08 AM

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KAMPALA Jan 18 The Ugandan shilling firmed on Monday, helped by weakening dollar demand from corporate clients who used some of their local currency holdings to settle mid month tax bills.

At 0912 GMT commercial banks quoted the shilling at 3,465/3,475, from Friday's close of 3,475/3,485.

Also read: Sri Lanka rupee down on importer dollar demand

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