Uganda central bank sells dollars in FX market

The Uganda central bank said on Monday it had stepped into the foreign exchange market to sell dollars, extending its intervention to a second straight session after the shilling fell against the dollar.

The Uganda central bank said on Monday it had stepped into the foreign exchange market to sell dollars, extending its intervention to a second straight session after the shilling fell against the dollar.

The amount of dollars the Bank of Uganda had offloaded to prop up the currency was not immediately clear.

 

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