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Kenya shilling’s rally pauses

Published February 19, 2024 Updated February 19, 2024 01:59pm
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By Reuters
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NAIROBI: Kenya’s shilling held steady against the dollar on Monday, pausing after last week’s rally, LSEG data showed.

At 0700 GMT, commercial banks quoted the shilling at 144.00/145.00 per dollar, the same as Friday’s close.

Kenyan shilling stable; seen gaining ground on more dollar inflows

The shilling gained more than 10% against the US currency last week, at one stage hitting its strongest level since June 2023, driven by foreign inflows into domestic debt and confidence the government would repay a $2 billion Eurobond maturing in June. Reuters

Kenya’s shilling

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