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AlwaysFree: Kenyan Shilling Pressured by Energy Sector FX Demand

Author: SSESSMENTS

According to Reuters article published on May 9, 2023, the Kenyan shilling traded slightly weaker against the dollar on Tuesday, under pressure from energy companies seeking foreign currency, traders said.

At 0907 GMT, commercial banks quoted the shilling at 136.55/75 per dollar, compared with 136.50/70 at Monday's close.

The shilling has lost more than 20% against the dollar in the last two years, touching a new all-time low of 136.70/90 per dollar on Tuesday, Refinitiv data showed.

Tags: Africa,All Products,AlwaysFree,English

Published on May 11, 2023 11:28 AM (GMT+8)
Last Updated on May 11, 2023 11:28 AM (GMT+8)