Kenya's shilling strengthened on Monday, buoyed by dollar inflows from the tea and tourism sectors.
Shilling firms on tea, tourism inflows
By 0935 GMT, commercial banks quoted the shilling at 101.85/95 to the dollar, compared with Friday's close of 102.00/10.
A fuel attendant handles Kenyan shilling notes at a petrol station in the capital Nairobi March 15, 2011. REUTERS/Noor Khamis
"There is a bit of inflows from the tea sector and tourism," said one Nairobi-based trader. He added the shilling has also been helped by weak dollar demand and low oil prices, which have cut Kenya's import costs.
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