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Uganda shilling slips as banks seek dlrs, foreigners exit debt

August 17, 2012 Comments Off on Uganda shilling slips as banks seek dlrs, foreigners exit debt

August 17, 2012, 1:00 pm

By Elias Biryabarema
KAMPALA (Reuters) – The Ugandan shilling inched lower against the dollar on Friday, weighed down by greenback demand from commercial banks and foreign investors exiting Uganda’s Treasury securities on the back of a drop in yields.

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