News

Kenya’s shilling was firm against the dollar yesterday due to the intervention of the Central Bank of Kenya (CBK) early this week.
At 12:25 pm, commercial banks quoted the shilling at 105.25/45, barely changed from Wednesday’s close of 105.25/35.
The CBK Monday and Tuesday market intervention was timely as substantial dollars sold boosted the shilling as the local currency edged closer to its record low of 106.80, set in October 2011.


The stability of the shilling exhibited for the last two days was a plus for CBK efforts to stabilise the shilling which has witnessed ups and downs in the second half of the year.
0……………………………………………………………………0 Ends 0………………………………………………………………………0