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Kenya: Kenyan Shilling Weakens Against the Dollar on Increased Foreign Currency Demand

Kenya: Kenyan Shilling Weakens Against the Dollar on Increased Foreign Currency Demand

Rédaction Africa Links 24 with Kenyans.co.ke
Published on 2024-09-14 16:12:03

The Kenyan shilling weakened on Friday against the United States Dollar after weeks of strengthening against major global currencies.

The local currency weakened slightly against the greenbuck due to an increased demand for foreign currency by fuel importers and manufacturers.

As of Friday, September 13, the London Stock Exchange Group (LSEG) quoted Kenyan Shilling trading at 128.50/129.50 to the dollar, a slight dip from Thursday’s closing rate of 128.30/129.30.

An increase in dollar demand…

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