Kenyan shilling stable, expected demand surge may trigger pressure

NAIROBI: The Kenyan shilling traded stable on Monday but was seen coming under some pressure on the back of an expected rise in appetite for hard currency from firms looking to settle year-end obligations, traders said.

At 0720 GMT, commercial banks quoted the shilling at 111.15/111.35 per dollar, slightly weaker than Friday's close of 111.10/111.30.