Kenyan shilling steady, importer dollar demand may put pressure

Follow us on Social Media

Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

NAIROBI (Reuters) – Kenya’s shilling was stable on Monday but traders said they expected it to weaken in the days ahead due to importer dollar demand and low inflows of the U.S. currency.

At 0648 GMT, commercial banks quoted the shilling at 103.65/85 to the dollar, the same as Friday’s close.

(Reporting by George Obulutsa; Editing by Edmund Blair)

 

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About 9News Nigeria 13471 Articles
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: info@9newsng.com Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng