Ugandan shilling and US dollars in the draw at a foreign exchange currency bureau 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 5 (Reuters) – The Ugandan shilling was weaker on Monday due to increased demand for dollars from commercial banks, traders said.

At 0916 GMT, commercial banks quoted the shilling at 3,725/3,735, compared with Friday’s closing rate of 3,718/3,728.

(Reporting by Elias Biryabarema; Editing by George Obulutsa)