Monday, June 21, 2021

    Kenyan shilling firms to 4-month high, helped by remittances

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    Naija247news Media, New York
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    NAIROBI (Reuters) – The Kenyan shilling strengthened on Monday to a four-month high , by dollar inflows from remittances and offshore investors buying shares on the stock market, traders said.

    At 0803 GMT, commercial banks quoted the shilling at 102.30/50 per dollar, compared with 102.50/70 at Friday’s close. The shilling last traded at its present level on July 8, Refinitiv data showed.

    Reporting by John Ndiso; Editing by George Obulutsa

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