Shilling steady amid more remittances

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.

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

Kenyan shillingCommercial bankshillingInternational Monetary Fund