×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Shilling firm against dollar on tight liquidity

Kenyan Shillings: stack of 10 x 10 x 1,000 notes; the highest denomination in Kenya, total 100,000 shillings, or "bob" in Kenyan slang. the first president kenyatta can be seen on the notes. [Photo/Courtesy]

The shilling was firm against the dollar on Tuesday due to tightening liquidity in the local money markets increasing demand for the shilling, traders said. In early trading, commercial banks quoted the shilling at 100.30/50 per dollar, compared with 100.35/55 at Tuesday’s close.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in