×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Panic dollar buying drives shilling to another record low

The shilling exchanged at an average of 130.9941 on Thursday against the dollar. [iStockphoto]

The shilling slumped to an all-time low against the dollar on Thursday on increased demand for the greenback, traders said.

This came a day after President William Ruto assured the government would resolve the dollar crisis to avert an economic crisis.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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
Business
Controller of budget downplays Ruto's Singapore dream
Business
Kenya, India seek strategic reset in trade, security and technology
Business
Factories review the green leaf payment following farmers demand
Business
Global hotels bet big on Maasai Mara as tourism earnings surge