Kenyan shilling stable on FX surplus from month-end payments

NAIROBI: The Kenyan shilling was stable against the dollar on Tuesday, boosted by a surplus of dollars left over from month-end payments, one trader said.

The shilling traded at 128.50/129.50 to the dollar at 0732 GMT, the same as Monday’s closing rate.

Kenya shilling steady on tourism, tea exports

The East African currency has traded around the same rate since early August.

“We are steady as a market, very steady for the last few months,” the trader said.