Shilling tipped to hold steady this week

Kenyan Shillings
The Nigerian naira and Kenyan shilling are expected to be stable this week, while the Ugandan shilling and Zambian kwacha are seen firmer.

The Kenyan shilling is seen stable against the dollar due to inflows from diaspora remittances and offshore investors buying Government debt, matching oil importer demand, traders said.

Commercial banks quoted the shilling at 100.00/20 per dollar, compared with 100.65/85 at last Thursday’s close.

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Kenyan shillingus dollar