Kenya: Kenyan Shilling Unchanged for Past 1 Week on Balanced Dollar Demand & Supply

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Rédaction Africa Links 24 with Kenyans.co.ke
Published on 2024-08-31 07:16:03

The Kenyan shilling remained unchanged this week from Monday, August 26 to Friday, August 30 as it traded at Ksh129.25 against the United States dollar.

Analysts at Reuters said the local currency remained flat throughout the week due to balanced dollar demand and supply and the central bank’s intervention.

According to experts, the dollar demand by the manufacturing sector matched the foreign currency inflow from foreign investors who sought to purchase the government’s infrastructure…

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