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 14 (Reuters) – The Ugandan shilling traded stable on Wednesday, underpinned by a slowdown in appetite for hard currency from both merchandise importers and players in the interbank market, traders said.

At 0942 GMT commercial banks quoted the shilling at 3,725/3,735, same level as Tuesday’s close.

(Reporting by Elias Biryabarema; Editing by Hereward Holland)