Ugandan shilling steady as commercial banks’ panic buying slows

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KAMPALA (Reuters) – The Ugandan shilling was stable on Wednesday as a recent panic purchase of dollars by commercial banks subsided after a central bank intervention on the sell side earlier in the week and subdued demand among corporate clients.

At 1002 GMT commercial banks quoted the shilling at 3,400/3,410, little changed from Tuesday’s close of 3,405/3,415.

 

 

(Reporting by Elias Biryabarema; Editing by George Obulutsa)

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