Markets

Kenya's shilling weakens due to manufacturing sector dollar demand

  • At 0935 GMT, commercial banks quoted the shilling at 110.10/110.30 per dollar, compared with Friday's close of 109.90/110.10.
Published November 30, 2020 Updated November 30, 2020 03:23pm
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NAIROBI: Kenya's shilling weakened on Monday due to demand for dollars across sectors, the bulk of which came from manufacturing, traders said.

At 0935 GMT, commercial banks quoted the shilling at 110.10/110.30 per dollar, compared with Friday's close of 109.90/110.10.

It first hit its all-time low of 110.10/30 on Friday, according to Refinitiv data.