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Local News

Kenyan shilling forecast to remain stable amid thin demand

The Kenyan shilling was firm on Friday and was forecast to remain stable support...

by Reuters Editorial Dec 27th · 1 min read

Kenya Central Bank Governor Patrick Njoroge displays the newly designed Kenyan shilling bank notes during a news conference at the Central Bank in Nairobi, Kenya, June 3, 2019. REUTERS/Baz Ratner

NAIROBI (Reuters) - The Kenyan shilling was firm on Friday and was forecast to remain stable supported by dollar supply from remittances amid slow market activity, traders said.

At 0851 GMT, commercial banks quoted the shilling at 100.80/101.00 the same as Tuesday’s close. Markets were closed on Wednesday and Thursday for public holidays.

Reporting by John Ndiso; Editing by Maggie Fick

last updated: 2019-12-27@16:12