NAIROBI: Kenya’s shilling weakened on Friday, hitting a new record low due to increased dollar demand from oil retailing companies and general goods importers, traders said.
At 0739 GMT, commercial banks quoted the shilling at 123.80/124.00 per dollar, compared with Thursday’s closing rate of 123.70/90.
Kenyan shilling holds steady, seen easing on higher importer demand
The shilling touched a fresh all-time low of 124.00/20 per dollar at the start of Friday’s session, before paring its losses, Refinitiv data showed.
Also read:
Comments
Comments are closed.