The Kenyan shilling firmed on Thursday, helped by a Central Bank of Kenya (CBK) sell-off of dollars the previous day to support the local currency that was under pressure from end-month demand by importers.
Shilling firms, central bank sell-off of dollars helps
t 0648 GMT, commercial banks quoted the shilling at 101.45/55 to the dollar, compared with 101.55/65 at Wednesday's close.
At 0648 GMT, commercial banks quoted the shilling at 101.45/55 to the dollar, compared with 101.55/65 at Wednesday's close.
CBK sold an undisclosed amount of dollars in the interbank market on Wednesday to support the local currency after weakening past 102 level in intraday trading.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Why our plane made emergency landing at Lagos airport, Air Peace clarifies
Over 75% of Katsina children are multidimensionally poor – UNICEF
PDP unveils 200-member campaign council for Ighodalo's guber election in Edo
Tinubu approves resumption of repair work on Third Mainland Bridge
Ondo Poll: Ganduje consoles Jimoh Ibrahim after crushing defeat in APC primary
FG to review recent price hike of DStv, GOtv packages amid public outcry
BREAKING: FG grants Air Peace right to commence Abuja-London flights - Keyamo
Deputy who dumped Akeredolu clinches PDP governorship ticket
Gov inaugurates 2nd phase of palliative distribution to poor Enugu residents
ADVERTISEMENT