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Kenyan shilling firm on diaspora remittances

The Kenyan shilling was firm on Monday with inflows from diaspora remittances meeting dollar demand from merchant importers and the energy sector, traders said.

On Monday morning, commercial banks quoted the shilling at 101.50/70 per dollar, compared with 101.60/80 at Friday’s close.

Report by Reuters

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Lawrence Baraza is a prolific writer with competencies in Digital Media, Print, and Broadcast. Baraza is also a Communication Practitioner currently spearheading Digital content on Metropol TV's Digital Desk. (+254 706 422 774 or lawybaraza@gmail.com)

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