Shilling gains against the dollar amid subdued oil import dollar demand

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 gained against the dollar yesterday helped by inflows from offshore investors buying Government debt amid subdued oil importer demand for the dollar and high liquidity in the local money market, traders said.

In early trading, commercial banks quoted the shilling at 101.55/75 per dollar, compared with 101.75/95 at Friday’s close.