Kenya Shilling Strengthens Against the Dollar

Kenya Shilling Strengthens Against the Dollar

Business Daily

Central Bank of Kenya (CBK) data shows one dollar was exchanging for 131.44 shillings by end of last week. This represents a fifth straight day of weakening for the local unit since April 11 when the official exchange rate stood at Sh130.35. Analysts have attributed the changing exchange rate trend to a stronger dollar which has resulted from the Israel-Iran tiff.

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