The Kenya shilling weakened sharply against the US dollar, hitting a fresh low of 129. The depreciation has partly been…
Search Results: Kenya shilling (385)
Liquidity in the money markets tightened, with the average interbank rate increasing to 4.4% from 4.2%
The Kenyan shilling depreciated against the US Dollar by 2.5% in Q3’2022 to close at Kshs 120.7. This is in…
The shilling was exchanged at an average of 119.9059 compared to KSh 119.47 per US dollar on August 18.
A weak shilling increases the cost of imports as more local currency units are now needed to exchange for the hard currencies used in the international markets.
The Kenyan shilling depreciated to a record against the dollar attributed to increased import activities by local traders. The shilling…