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Kenyan shilling eases due to increased energy sector dollar demand

Published August 23, 2023 Updated August 23, 2023 12:20pm
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By Reuters
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NAIROBI: Kenya’s shilling weakened on Wednesday, hurt by increased importer demand for dollars, especially from the energy sector, traders said.

At 0700 GMT, commercial banks quoted the shilling at 144.50/70 per dollar, compared with Tuesday’s closing rate of 144.35/55.

Kenyan shilling loses ground; energy sector FX demand weighs

Earlier on Wednesday, the shilling touched a new all-time low of 144.55/75, Refinitiv data showed.

Kenya's shilling

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