Views Article – Sharenet Wealth

Africa, Forex

Kenyan shilling firms against the dollar

NAIROBI (Reuters) – The Kenyan shilling firmed against the dollar on Friday supported by inflows from offshore investors buying government debt amid excess liquidity in the local money market, traders said.

At 0858 GMT, commercial banks quoted the shilling at 102.90/103.10 per dollar, compared with 103.00/20 at Thursday’s close.

(Reporting by John Ndiso)

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