Shilling-Dollar exchange rate Stories
Inflation has now risen for six straight months, hitting 4.1 per cent in April, up from 2.7 per cent in October 2024, even as the Kenyan Shilling bega...
The local currency appreciated by 20 per cent against the global benchmark, the US Dollar, over the year, marking the highest gain across the region.
In real figure terms, the 14 per cent gain during the quarter means importers in the country were spending Sh14 less to buy a dollar for importation c...
Desta said a single African currency would help boost trade, increase economic cooperation among African Union (AU) members and stimulate faster devel...
With concerns over exchange rate risks, CRA believes that placing a cap on foreign debt held in a single currency will enhance fiscal stability and re...
The US remained the largest source of remittances to Kenya, accounting for 53 per cent in the month under review.
At 0744 GMT, commercial banks quoted the shilling at 129.00/40 per dollar, the same as Monday's closing rate.
The most affected missions include Washington DC, Vienna, New Delhi, London, and Geneva, which operate in high-cost cities.
With the shilling constantly trading at an average of 129, it arguably means diaspora Kenyans are left in a tight spot while deciding whether to send...
The gain was attributed to the successful settlement of the inaugural $2 billion (Sh259 billion) Eurobond buyback plan
All payments are centralised through the National Treasury, with ministries submitting invoices for international obligations.
As Kenya moves to 2025, the recovery of the shilling remains a key indicator of the country's economic health.
The year 2024 experienced a series of interest rate hikes on loans, a crucial go-to remedy by households in times of constrained disposable incomes su...
So far this year, the months of January, August, September and October recorded the highest dollar inflow from diaspora remittances.
The total exceeds the previous $93 billion International Development Association replenishment announced in December 2021.
The depreciatiion stems from a steep decline in the prices of Rwanda’s key exports, such as minerals, coffee, and tea, which has severely reduced fore...
The latest weekly bulletin by the CBK shows the reserves stood at $9,323 million (Sh1.2 trillion at the current exchange rate), an equivalent of (4.8...
The shilling has been range-bound for several months, following a rally earlier this year after the government issued a new Sh222 billion ($1.5 billio...
Ethiopia has been under pressure, including from the International Monetary Fund (IMF), to move to a market-determined exchange rate to deal with an o...
The shilling had weakened to a low of 161 in January this year, on the back of an increased debt burden and diminishing foreign investor confidence.
Ideally, the government opts for borrowing, both externally and internally, to cater to the fiscal gap in every financial year.
The Kenya shilling also depreciated against the South African Rand and the Tanzanian and Ugandan shillings.
According to WorldRemit research, Kenya is one of the top recipients of remittances on the continent, with the primary uses being household needs, hea...
Kenya's apex bank, the Central Bank of Kenya (CBK), quoted the shilling at Sh128.65 on Friday last week, a level that was last witnessed in March 2023...
According to Finance Minister Mwigulu Nchemba, the move aims to curb the widespread use of dollars within the country to address the economy's critica...
The latest blows come from some powerful Americans questioning the rule of law following the conviction of Donald Trump.
Debt servicing expenses for the FY 2023/24 will amount to Sh1.8 trillion, or 90 per cent of the overall consolidated fund expenditures.
Data by the Central Bank of Kenya (CBK) shows the usable foreign exchange reserves stood at $6.97 billion (Sh911.8 billion), or just about 3.6 months...
They are accussed of defrauding the businessmen by claiming they could sell them US dollars at an exchange rate of Sh120.
Super petrol's price dropped by Sh7.21, diesel by Sh5.09, and kerosene by Sh4.49, EPRA announced in its latest monthly review.
