Kenyan Shilling&

|
Kenyan shilling unchanged against dollar, LSEG data shows

At 0831 GMT, the shilling was quoted at 129.00/129.20 per dollar, the same level it closed on Friday.

|
|
|
|
|
|
|
|
|

The shilling has been on a positive trend over the past two weeks, much to the relief of businesses that import goods.

|

The Office of the Auditor-General said variances between prices that were budgeted and actual prices in the market were so high that some commodities couldn't be purchased.

|

The Kenyan shilling this week slipped to more than 150 to the dollar, a decline of almost 24 per cent over a year, and compared to around 100 in October 2018.

|

The shilling has been in decline for several years and plunged by almost 24 percent over the past year, under pressure from high debt levels and depleted government revenues.

Trending

|
|
|
|
|
|
|
|
|
|

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.