Kenyan shilling unchanged amid flagging hard currency appetite

NAIROBI (Reuters) – Kenya’s shilling was unchanged on Thursday, as hard currency appetite flagged and some offshore investors sought local currency to buy equities, traders said.

At 0937 GMT, commercial banks quoted the shilling at 118.00/20 per dollar, the same as Wednesday’s close.

The shilling touched a new all-time low of 118.10/118.30, Refinitiv data showed.

The shilling is down 4.1% against the dollar so far this year.

(Reporting by Hereward Holland; editing by Elias Biryabarema)

tagreuters.com2022binary_LYNXMPEI660EG-VIEWIMAGE

Close Bitnami banner
Bitnami