Ugandan shilling stable, likely to weaken

Kitco Media
By Reuters
Published:
Updated:
Reuters
KAMPALA, March 20 (Reuters) - The Ugandan shilling traded stable on Monday although it was expected to weaken due to a healthy appetite for hard currency from merchandise importers, traders said.


At 0848 GMT commercial banks quoted the shilling at 3,745/3,755, compared to Friday's close of 3,740/3,750.
(Reporting by Elias Biryabarema; Editing by James Macharia Chege)

1232; Reuters Messaging: elias.biryabarema.thomsonreuters.com@reuters.net))
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