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Kenyan shilling unchanged near 11-month high

Published March 15, 2024 Updated March 15, 2024 03:16pm
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By Reuters
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The Kenyan shilling was unchanged against the dollar on Friday after hitting an 11-month high the day before, LSEG data showed.

At 0943 GMT, the shilling was quoted at 134.00/135.00 against the dollar, the same level it closed at on Thursday.

ETM Analytics said the shilling was the world’s best-performing currency this year, attributing its gains to a government debt management exercise linked to a Eurobond maturing in June and financial support from lenders including the International Monetary Fund.

Kenyan shilling stable; seen gaining ground on more dollar inflows

LSEG data show the shilling is up more than 16% against the dollar in 2024.

Kenyan shilling

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Stephen ANDAI Mar 16, 2024 09:19pm
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