Shilling may weaken as business resumes after holiday

Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi. [Photo: Reuters]

NAIROBI- The Kenyan shilling was stable on Wednesday but players expected some weakening amid increased demand for hard currency from oil and goods importers as business activity resumed after the holiday, traders said.

At 0829 GMT, commercial banks quoted the shilling at 102.00/20 per dollar, the same as Monday’s close.