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, Oct 16 (Reuters) – The Ugandan shilling was broadly stable on Wednesday due to muted demand for dollars from commercial banks and importers, traders said.

At 0722 GMT, commercial banks quoted the shilling at 3,665/3,675, compared with Tuesday’s closing rate of 3,667/3,677.

(Reporting by Elias Biryabarema; Editing by George Obulutsa)