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Ugandan shilling stable as pending taxes offer support - REUTERS

SEPTEMBER 11, 2024

Elias Biryabarema

KAMPALA, Sept 11 (Reuters) – The Ugandan shilling was stable on Wednesday, supported by muted demand for dollars as some players held onto their local currency to meet pending mid-month tax payments, traders said.

At 0933 GMT commercial banks quoted the shilling at 3,710/3,720, same level as Tuesday’s close.

(Reporting by Elias Biryabarema; Editing by Hereward Holland)

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