NAIROBI: Kenya's central bank does not have a target rate for the shilling, its governor said on Thursday, after a fall in the currency's value due to jitters over a power vacuum at the finance ministry.
"We don't target a rate, neither today, or for December," Patrick Njoroge told a news conference.
The shilling has lost 0.8 percent against the dollar this week to trade at 104.05/20 per on Thursday, its lowest level in almost two years.
Traders said the fall was caused by uncertainty over Monday's announcement that the finance minister would be charged with graft.
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