A worker at a foreign exchange currency bureau counts 1000 Ugandan shilling banknotes in Kampala, Uganda, on Wednesday, Aug. 16, 2023. Uganda’s central bank said it stands ready to act if the World Bank’s decision to halt new funding over the country’s passage of anti-LGBTQ legislation impacts the currency further. Photographer: Luke Dray/Bloomberg via Getty Images

KAMPALA, Aug 22 (Reuters) – The Ugandan shilling was trading stronger on Thursday, lifted by inflows of hard currency from non-governmental organisations (NGOs) and a slump in demand, traders said.

At 0833 GMT commercial banks quoted the shilling at 3,707/3,717, compared to Wednesday’s close of 3,717/3,727.

(Reporting by Elias Biryabarema; Editing by Hereward Holland)