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Markets

Kenyan shilling strengthens against the dollar

The shilling at 101.25/45 per dollar, compared with 101.40/60 at Tuesday's close. NAIROBI: The Kenyan shillin
Published December 18, 2019 Updated December 18, 2019 12:01pm
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  • The shilling at 101.25/45 per dollar, compared with 101.40/60 at Tuesday's close.

NAIROBI: The Kenyan shilling strengthened on Wednesday supported by inflows from diaspora remittances amid thin importer dollar demand and tight liquidity in the local money market, traders said.

At 0837 GMT, commercial banks quoted the shilling at 101.25/45 per dollar, compared with 101.40/60 at Tuesday's close.

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