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Muted importer demand for dollars supports Ugandan shilling

U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. southafricnews/Lee Jae-Won/File Photo

KAMPALA (southafricnews) – The Ugandan shilling held steady against the dollar on Tuesday mainly due to sluggish demand for hard currency by importers.

By 0703 GMT, commercial banks quoted the shilling at 3,705/3,715, unchanged from Monday’s closing level.

Reporting by Elias Biryabarema; Editing by Duncan Miriri

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