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Markets

Kenyan shilling weakens against the dollar

The shilling at 100.80/101.00 per dollar, compared with 100.60/80 at Monday's close. NAIROBI: The Kenyan shil
18 Feb 2020
  • The shilling at 100.80/101.00 per dollar, compared with 100.60/80 at Monday's close.

NAIROBI: The Kenyan shilling weakened on Tuesday due to a surge in dollar demand from some multinational companies and merchandise goods importers, traders said.

At 0630 GMT, commercial banks quoted the shilling at 100.80/101.00 per dollar, compared with 100.60/80 at Monday's close.