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Ugandan shilling steady on Tuesday

by Aya Anwar

The Ugandan shilling was steady on Tuesday but expected to strengthen, underpinned by inflows of dollars from coffee exporters and subdued importer demand, according to Reuters citing traders.

The country’s commercial banks quoted the shilling at 3,875/3,885, compared with Monday’s closing rate of 3,880/3,890, according to traders.

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