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Experts Foresee More Headwind For The Shilling

Experts Foresee More Headwind For The Shilling

During its last trading session last week, the Ugandan shilling remained on the back foot, touching the technical levels of 3605/3615. The shilling received pressure from substantial demand for dollars from commercial banks, the energy and manufacturing sectors. There seemed to be a similarity between the local unit trend and its peers in the region. The Kenyan and Tanzanian currencies ...

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Bank Of Uganda Lowers Cheque Value Limits By Half

Bank Of Uganda Lowers Cheque Value Limits By Half

Bank of Uganda (BoU) has made a decision to lower the cheque value amounts that can be written on a single cheque leaf. This will affect five currencies including the Ugandan Shilling. The central bank noted that their decision followed a ‘no objection’ received from the Ugandan Bankers Association. On Wednesday, the central bank issued a letter to all commercial ...

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