ugandan shilling :
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- Uganda's tax measures in budget put pressure on shilling
KAMPALA (Reuters) - - The Ugandan shilling weakened on Friday, hit by dollar demand in the interbank market as banks bet on a stronger dollar in coming days after the government raised taxes in the budget speech for the next financial year. Market analysts say the tax measures may deter offshore investors whose hard currency flows help prop the local currency in an economy with a weak export ...
June 14, 2013 - Reuters via Yahoo! News - Ugandan shilling holds steady, national budget eyed
KAMPALA (Reuters) - The Ugandan shilling was stable on Wednesday before the 2013/14 (July-June) national budget is officially unveiled on Thursday. At 1023 GMT commercial banks quoted the currency of east Africa's third-largest economy at 2,585/2,595 versus the dollar, unchanged from Tuesday's close. "We expect the shilling to remain firm ahead of the budget reading on Thursday. But the market ...
June 12, 2013 - Reuters via Yahoo! News - Ugandan shilling posts gains, corporate tax payments help
KAMPALA, Jun (Reuters) - The Ugandan shilling posted modest gains on Monday, helped by weak demand as large firms use their local currency holdings to pay corporate taxes ahead of the end of the government's financial year this month. At 0852 GMT, commercial banks quoted the shilling at 2,585/2,595, a notch stronger than Friday's close of 2,588/2,598. "The unit is seen trading in the range of 2 ...
June 10, 2013 - Reuters via Yahoo! News