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Kenya’s shilling weakened on Monday as demand for dollars from importers and manufacturers weighed on the currency, traders said.
At 0917 GMT, commercial banks quoted the shilling at 159.50/160.50 per US dollar, compared with Friday’s close of 159.00/160.00.
Kenyan shilling eases due to higher demand for dollars
The local currency is down nearly 2% this year after repeatedly hitting record lows in 2023, LSEG data showed.