The Uganda shilling was set to end the week mostly flat, a bit firmer cushioned by tight liquidity conditions mainly on account of end year corporate tax obligations that sucked out shillings in the market coupled by aggressive mop by the Central Bank through non calendar bond issue across the entire yield curve that collected in excess of 500 billion against a target of 780billion. Trading was in the range of 3755/65.The non calendar issuance highlighted the need by the treasury to raise financing in order to meet end of fiscal year commitments. In other peer markets, most currencies gave…
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