Kenya: Kenyan Shilling Remains Stable Against US Dollar Amid Increased Exports

The Kenyan shilling was stable on Wednesday against the United States Dollar, extending its streak as the best-performing currency globally.

According to traders who spoke to Reuters, the local unit retained its value against the greenbuck on Wednesday as exporters converted their foreign currencies to the local currency to process payrolls. The decision increased dollar inflow which eased pressure on the foreign exchange and consequently led to the stability of the Kenyan shilling. 

As of…