11-04-2016 11:43 via news.yahoo.com

Ugandan shilling stable on weak economic activity

KAMPALA (Reuters) - The Ugandan shilling was stable on Monday, with tepid economic activity slowing importer demand for hard currency. At 0915 GMT commercial banks quoted the shilling at 3,345/3,352 unchanged from Friday's close. "The common sentiment is that there's significant slowdown in economic activity and as a result we're witnessing an extreme slowdown in (dollar) demand on the corporate side," said David Bagambe, trader at Diamond Trust Bank. (Reporting by Elias Biryabarema; editing by
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