Kenya shilling hits new all-time low amid strong dollar demand

Kenya shilling hits new all-time low amid strong dollar demand

Kenya’s shilling weakened to a new all-time low on Friday, as strong dollar demand from various sectors outstripped lacklustre inflows, traders said.

At 0829 GMT, commercial banks quoted the shilling at 113.20/40 to the dollar, an all-time low according to Refinitiv Eikon data. The shilling closed on Thursday at 113.10/30.