December 2, 2019 / 11:27 AM / 11 days ago

Kenyan shilling weakens on surging importer demand

Kenya Central Bank Governor Patrick Njoroge displays the newly designed 1000 Kenyan shilling bank note(L)near the old note, during a news conference at the Central Bank in Nairobi, Kenya, June 3, 2019. REUTERS/Baz Ratner

NAIROBI (Reuters) - The Kenyan shilling was under pressure on Monday as strong dollar demand by merchandise importers outstripped inflows from non-governmental organisations, traders said. At 0852 GMT, commercial banks quoted the shilling at 102.55/75 per dollar, compared with 102.45/65 at Friday’s close.

Reporting by John Ndiso; editing by Elias Biryabarema

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below