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, July 25 (Reuters) – The Ugandan shilling weakened on Thursday, pressured by increased demand for dollars from commercial banks, traders said.

At 0812 GMT, commercial banks quoted the shilling at 3,725/3,735, compared with Wednesday’s closing rate of 3,715/3,725.

(Reporting by Elias Biryabarema; Editing by George Obulutsa)