×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Shilling continues good form, traders hope for cheaper wares

Vocalize Pre-Player Loader

Audio By Vocalize

President William Ruto and Central Bank of Kenya Governor Dr. Kamau Thugge during the launch of Central Securities Depository digital platform, CBK, Nairobi on September 11, 2023. [PCS, Standard]

The shilling continues to sustain its rally against the US dollar weeks after the successful Eurobond buyout, boosting newfound optimism among traders and consumers for a lower cost of living.

Data by the Central Bank of Kenya showed the shilling exchanged at an average of 137.49 against the dollar on Thursday, underlining the strengthening of the local currency in under a month.

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
Real Estate
How affordable housing is reshaping Kisumu property market
Business
KTDA elects new chairperson, vice chair
Business
Museveni launches Uganda's first Islamic insurance provider
Business
Kenya Pipeline beats Sh106b IPO target as investors scramble for shares