The Ugandan Shilling this week, traded flat against a muted demand for the US Dollar. The shilling was on one hand supported by end month flows from charities and coffee export inflows coupled by Bank of Uganda liquidity mop-up operations that took out UGX839 billion equivalent to USD222 million.In the interbank Shilling market overnight funds traded at an average 5.1% while one-week funds traded at 6%.Regional marketsIn the regional currency markets, the Kenya Shilling was on the ropes, undermined by elevated end of month demand from manufacturers and importers. Market players were also seen building positions ahead of expected dividend…
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