Business Recorder - Markets - Financial https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 17:11:37 +0500 Thu, 13 Aug 2026 17:11:37 +0500 60 Kenya's central bank stays out of forex market https://www.brecorder.com/news/7129/kenyas-central-bank-stays-out-of-forex-market <p class="MsoNormal"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/mar/Central-Bank-Kenya-400.jpg" width="400" height="202" />NAIROBI: Central Bank of Kenya (CBK) said it was staying out of the foreign exchange market on Tuesday as the local currency pared losses from earlier in the day when it hit a new record low.</p> <p class="MsoNormal">"CBK is staying out the market today," central bank said in a notice. At 0840GMT leading commercial banks quoted the shilling at 86.00/10 compared with Monday's close of 86.15/25.</p> <p><center><b><i>Copyright Reuters, 2011</i></b><i></i><br /></center></p> NAIROBI: Central Bank of Kenya (CBK) said it was staying out of the foreign exchange market on Tuesday as the local currency pared losses from earlier in the day when it hit a new record low.

"CBK is staying out the market today," central bank said in a notice. At 0840GMT leading commercial banks quoted the shilling at 86.00/10 compared with Monday's close of 86.15/25.

Copyright Reuters, 2011

]]> Markets https://www.brecorder.com/news/7129 Tue, 15 Mar 2011 11:38:22 +0500 none@none.com (Syed Murtaza Gheblehzadeh)