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

Pain and joy of a weaker shilling as unit hits Sh108.8

Central Bank of Kenya Governor Patrick Njoroge during an interview. [David Gichuru/Standard]

The weakening of the shilling is turning into a double-edged sword for Kenyans, with some smiling to the bank as others stare at a gloomy festive season.

At the close of business on Friday, the local currency was trading at Sh108.8 against the dollar, a substantial loss of ground against the greenback.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • 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