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Kenyan shilling steady against the dollar, seen firming NAIROBI: The Kenyan shilling was little changed against the dollar on Thursday, though traders said the local currency is expected to firm in coming days due to receding political risk.At 0650 GMT, commercial banks posted the shilling at 87.60/70 per dollar, barely moved from Wednesday's close of 87.65/75.Worries over political tensions have eased after the opposition held a rally in the capital Nairobi on Monday to protest against growing insecurity, rising food prices and corruption."The shilling is appreciating after Monday," said Andlip Nazir, senior trader at I&M Bank. "Shilling should strengthen a bit more going forward."Traders said they expect the shilling to consolidate within its recent range of 87.20-88.00 after demand for dollars ahead of Monday's rally threatened to push it below the 88.00 level. Nazir expects the local currency to edge towards 87.25.Copyright Reuters, 2014 ...

Kenyan shilling holds steady against the dollar NAIROBI: The Kenyan shilling was stable against the dollar on Wednesday and traders said it was likely to edge up in the days ahead after jitters over political tensions subsided.At 0750 GMT, commercial banks posted the shilling at 87.80/90 per dollar, unchanged from the previous day's close."Expectations are that a very gradual strengthening of the shilling will happen," said a senior trader with a leading commercial bank.The shilling is expected to consolidate within its recent ...
Egypt pound unchanged at central bank sale, slightly weaker on black market CAIRO: The Egyptian pound was steady at a central bank dollar sale on Wednesday but weakened on the black market.The central bank said it sold $37.6 million at a cut-off price of 7.1401 pounds per dollar, unchanged from its last sale on Monday.The bank's rates have stayed within a very tight range since the beginning of June, after the bank allowed the pound to weaken in May. It offered $40 million on Wednesday.On the black ...
South Africa's rand holds steady versus dollar JOHANNESBURG: South Africa's rand held firm against the dollar on Wednesday, building on the near 1 percent gains achieved in the previous session amid hopes of an imminent end to an engineering sector strike. At 0642 GMT, the local unit had inched 0.13 percent up from its New York close to 10.6700, a week-high against the greenback. The currency was buoyed by hopes of an imminent resolution to an 8-day work stoppage by more than ...
South Africa's rand strengthens as strike fears ease JOHANNESBURG: South Africa's rand gained on Tuesday, bouncing from losses the previous session amid hopes that a strike by more than 200,000 metal and engineering workers might be nearing conclusion. The rand was at 10.7570 to the dollar at 0648 GMT, 0.16 percent stronger than its New York close. The local unit has been under pressure from a week-long strike over wages by the NUMSA metalworkers union, but the labour ministry said the two sides ...
Egyptian pound steady at central bank sale, weaker on black market CAIRO: The Egyptian pound was steady at a central bank dollar sale on Monday but weakened on the black market.The central bank said it sold $37.6 million at a cut-off price of 7.1401 pounds per dollar, the same price as its last sale on Thursday.The bank's rates have stayed within a very tight range since the beginning of June, after the bank allowed the pound to weaken in May. It offered $40 million on Monday.On ...
South Africa's rand under pressure from wage strikes JOHANNESBURG: South Africa's rand hovered near its previous close against the dollar on Monday and could weaken during the week as investors worry about the impact of incessant labour unrest on the fragile economy. The local unit barely moved on Reserve Bank data showing net gold and foreign exchange reserves edged up slightly to $44.828 billion in June from $44.506 billion in May. By 0643 GMT the rand traded at 10.7715 to the greenback , ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln