Ugandan shilling stable as tax payments lend support

KAMPALA (Reuters) – The Ugandan shilling was flat on Wednesday, drawing some support from low demand as most firms used their local currency holdings to clear their mid-month tax obligations, traders said.

At 0901 GMT, commercial banks quoted the shilling at 3,662/3,672, the same level as Tuesday’s close.

(Reporting by Elias Biryabarema; Editing by George Obulutsa)