Shilling hovering near three-and-a-half year low

24 views · Published 9 July 2015 · 1:41 · Indexed 8 November 2026

Channel: KBC Channel 1 · 2015 · News & Politics

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The shilling extended its weakening streak today, hurt by strong dollar demand from energy and telecommunications companies. The local currency strengthened in early morning trade supported by dollar inflows from non-governmental organizations before weakening again to close for trading at quoted at 100.80 against the dollar. This is weaker than yesterday’s closing level of 100.40.
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