December 3, 2019 / 8:38 AM / 9 days ago

Kenyan shilling under pressure on elevated demand by importers

Kenya Central Bank Governor Patrick Njoroge displays the newly designed Kenyan shilling bank notes 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 Tuesday from merchandise importers buying dollars to ship in higher volumes of goods ahead of the holiday season, traders said.

At 0714 GMT, commercial banks quoted the shilling at 102.60/70 per dollar, compared with 102.50/60 at Monday’s close.

Reporting by John Ndiso; editing by Elias Biryabarema

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