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UGANDA: Shilling weakens on dividend payments, offshore demand

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KAMPALA, March 26 (Reuters) – The Ugandan shilling weakened on Monday on the back of a surge in demand fuelled by offshore investors cutting positions in local debt and some firms preparing to pay dividends for 2017.

At 0811 GMT commercial banks quoted the shilling at 3,685/3,695, weaker than Friday’s close of 3,665/3,675. BoU, dividend payments, Offshore investors, Uganda shilling, Weak demand

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