Shilling weakens on energy demand
The shilling was weaker Friday on rising dollar demand from the energy sector, and traders were wary of a possible intervention by the central bank as the local currency lost ground. At 0815 GMT, commercial banks quoted the shilling at 98.40/60 to the dollar, from Thursday’s close of 98.10/30.
By Jevans N. Miyungu
8 years ago