Ugandan shilling weakens, undercut by excess liquidity

March 11, 2016 11:54 AM

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KAMPALA, March 11 The Ugandan shilling weakened on Friday, undermined by an excess of local currency liquidity and short position-covering by commercial banks.

At 1001 GMT commercial banks quoted the shilling at 3,350/3,360, weaker than Thursday's close of 3,345/3,355.

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