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Kenya: Kenyan Shilling Steadies as Global Market Jitters Subside, But Forex Reserves Dip

Kenya: Kenyan Shilling Steadies as Global Market Jitters Subside, But Forex Reserves Dip

Rédaction Africa Links 24 with Kenyans.co.ke
Published on 2024-08-17 10:18:17

Kenya’s shilling displayed remarkable resilience against the US dollar, closing the week on a stable note despite global market turbulence and looming US elections. The currency traded at Ksh129.20 per US dollar on August 15, maintaining its ground compared to Ksh129.41 per US dollar a week earlier.

The Central Bank of Kenya (CBK) affirmed this stability, noting that the shilling remained steady against major international and regional currencies during the week ending August 15.

 In a…

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