Views Article – Sharenet Wealth

Africa, Forex

Kenyan shilling strengthens against the dollar

NAIROBI (Reuters) – The Kenyan shilling strengthened on Wednesday supported by inflows from diaspora remittances amid thin importer dollar demand and tight liquidity in the local money market, traders said.

At 0837 GMT, commercial banks quoted the shilling at 101.25/45 per dollar, compared with 101.40/60 at Tuesday’s close.

(Reporting by John Ndiso; Editing by Maggie Fick)

Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi

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