Advertisement

Shilling firms as banks cut dollar holdings

Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya
Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya
At 0924 GMT, commercial banks quoted the shilling at 100.55/65 to the dollar, compared with Tuesday's close of 100.80/90.
Advertisement

Kenya's shilling firmed on Wednesday, helped by banks selling dollars after the central bank cut its current account deficit forecast for this year, traders said.

Advertisement