Markets

Kenyan shilling little changed, to ease due to oil importer dollar demand

  • At 0706 GMT, commercial banks quoted the shilling at 107.15/107.35, compared with Thursday's close of 107.10/107.30.
Published May 17, 2021 Updated May 17, 2021 03:28pm
By

NAIROBI: The Kenyan shilling was stable on Monday, and traders said it was expected to weaken due to dollar demand from oil importers.

At 0706 GMT, commercial banks quoted the shilling at 107.15/107.35, compared with Thursday's close of 107.10/107.30.

The market was closed on Friday to celebrate the Muslim Eid holiday.