×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Read on the App

Pain as shilling edges towards Sh160, defying Ruto's oil deal

The weakening of the local currency signals inflation and higher costs of imported goods. [iStockphoto]

Kenya's shilling fell to another record low on Tuesday as huge dollar demand by oil importers continued to weigh heavily on the local currency.

According to data from the Central Bank of Kenya (CBK), the shilling exchanged at an average of 147.6412 against the dollar.

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