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Markets

Kenyan shilling eases to new all-time low on increased importer demand

  • At 0827 GMT, commercial banks quoted the shilling at 109.45/65 to the dollar, compared with Thursday's close of 109.35/55.
20 Nov 2020

NAIROBI: Kenya's shilling weakened on Friday to a new all-time low due to increased importer dollar demand from across all sectors, traders said, adding they expect the trend to persist in coming days.

At 0827 GMT, commercial banks quoted the shilling at 109.45/65 to the dollar, compared with Thursday's close of 109.35/55.