Business & Finance
Kenya central bank sells dollars as IMF facility expiry weighs on shilling
NAIROBI: Kenya's central bank pumped in dollars into the market late in Thursday's trading session after the shillin
NAIROBI: Kenya's central bank pumped in dollars into the market late in Thursday's trading session after the shilling weakened due to the expiry of a stand-by loan facility with the International Monetary Fund, traders said.
The shilling rose to 100.85/101.05 per dollar after the intervention from 101.02/101.22 where it was trading before the intervention. It had closed Wednesday's session at 100.75/95.
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