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Shilling steady amid more remittances

By Reuters | Published Tue, September 18th 2018 at 10:59, Updated September 18th 2018 at 11:09 GMT +3
[Courtesy]

The Kenyan shilling held steady against the dollar yesterday, drawing support from
remittances and investors buying government debt, traders said.

Commercial banks quoted the shilling at Sh100.80/101.00 per dollar, unchanged from Friday's close.

ALSO READ: Kenya set to borrow additional Sh600b

The local unit last week faced demand from importers and banks after a standby arrangement with the International Monetary Fund.

 


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