Kenyan shilling little changed, faces pressure from importers

29 Nov, 2021

NAIROBI: The Kenyan shilling was little changed on Monday, but touched a new all-time low and was forecast to weaken due to increased general importer dollar demand that outstripped inflows, traders said.

At 0848 GMT, commercial banks quoted the shilling at 112.45/65, compared with Friday's close of 112.40/60. Monday's level is a new all-time low, according to Refinitiv data.

Read Comments