By Elias Biryabarema
KAMPALA (Reuters) – The Ugandan shilling was stable on Monday and traders said they expect the currency to build on gains made after a court overturned an anti-gay law that drew Western criticism and halted aid payments.
At 0830 GMT commercial banks quoted the shilling at 2,610/2,620, unchanged from Friday’s close.
The local currency firmed 0.3 percent on Friday after Uganda’s constitutional court rescinded the anti-gay law which punished gay sex with lengthy jail sentences.
“The outlook still favours the shilling after the court decision on the anti-gay law,” Centenary Bank trader Sage Daniel Muganza said.
“There’s also some shilling tightness which is supporting an upward bias … inflows into the auction might also come through,” he said.
UGX Spot Rate…..
Ugandan Shilling Money Guide….<UGX/1>
Calculated Cross Rates……….
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Uganda Equities Guide…….<UG/EQUITY>
Uganda All Share Index……..
Shilling background …..<UGX/BKGDINFO>
Ugandan Debt Guide…………<UG/DEBT>
All Uganda Bonds………….<0#UGTSY=>
Uganda T-Bills…………..<0#UGTSYS=>
Uganda Benchmark………….<0#UGBMK=>
Central Bank …………….
Ugandan Contributor Index….<UG/CONT1>
Uganda Coffee Prices…….<COFFEE/UG01>
