Markets

Kenyan shilling weakens due to importer dollar demand

The shilling at 100.65/85 per dollar, compared with 100.55/75 at Monday's close. NAIROBI: The Kenyan shilling
Published February 12, 2020
  • The shilling at 100.65/85 per dollar, compared with 100.55/75 at Monday's close.

NAIROBI: The Kenyan shilling weakened on Wednesday due to dollar demand from merchandise importers and multinational companies, traders said.

At 0753 GMT, commercial banks quoted the shilling at 100.65/85 per dollar, compared with 100.55/75 at Monday's close, Kenya's financial markets were closed on Tuesday for a public holiday.

Comments

Comments are closed.