Kenya Shilling continues to strengthen

40 views · Published 12 October 2015 · 2:30 · Indexed 22 October 2026

Channel: KBC Channel 1 · 2015 · News & Politics

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The shilling continues to strengthen propped up by foreign currency inflows attracted by high returns offered on government papers. The shilling improved marginally this morning opening the trading day quoted at 103.02 against the dollar which is stronger than Friday’s closing level of 103.08 against the greenback. Market analyst Ally Khan Saatchu says the shilling is expected to continue with the strengthening streak and could close the year at below the hundred-mark against the dollar.
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