Kenya's shilling weakened slightly against the dollar on Thursday due to market jitters after the central bank placed mid-tier lender Chase Bank Ltd under a 12-month receivership.
Shilling weakens on concerns over banking sector
By 0720 GMT, the shilling was quoted at 101.35/45 to the dollar, a touch weaker from Wednesday's close of 101.30/40.
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi in a file photo. REUTERS/Antony Njuguna
By 0720 GMT, the shilling was quoted at 101.35/45 to the dollar, a touch weaker from Wednesday's close of 101.30/40.
The shilling has appreciated about 0.7 percent against the dollar so far this year.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
UNN to reduce unemployment among Nigerian graduates through mentoring
AGF calls for strong internal controls to curb financial mismanagement
Tariff has been hiked with no improvement - Abuja residents decry power outage
Emefiele's trial adjourned to June 24, key witness cross-examined
Former ECOWAS Court VP slams EFCC chairman's handling of Yahaya Bello case
Let’s drill 200k boreholes across the country — Obi begs wealthy Nigerians
Ondo 2024: Ex-governor's brother emerges gubernatorial candidate
UK varsity rolls out tuition, travel-free scholarship for Nigerian students
President Biden signs law to potentially ban TikTok if not sold
ADVERTISEMENT