Kenyan shilling firm on diaspora remittances

December 16, 2019

Less than a minute

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

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.