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Import lull, inflows push shilling to an 8-month high

The Shilling has strengthened to an eight-month high, trading at 100.85 against the dollar as importers took a recess and Kenyans living abroad send in more money for the festivities.

The last time the Shilling was that strong was on April 12 this year. “Yesterday, commercial banks quoted the shilling at 100.65/85 per dollar, compared with 100.95/101.15 at Wednesday’s close. The shilling last traded at its present level on April 12.

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Shilling dollar