Kenyan shilling stable, seen firming on tight liquidity


NAIROBI (Reuters) – The Kenyan shilling was stable against the dollar on Friday and was forecast to gain ground due to tightening liquidity in the money markets, traders said.

At 0953 GMT, commercial banks quoted the shilling at 102.30/50 per dollar, compared with 102.35/55 at Thursday’s close.

Reporting by John Ndiso; Editing by George Obulutsa

This site uses Akismet to reduce spam. Learn how your comment data is processed.