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Tag: dollar rate in kenya

International news

Kenyan Shilling weakened To Record Low

The Kenyan shilling weakened to a new low against the dollar , according to LSEG data. At 1015 GMT, the shilling was trading at 149.35/55 per U.S. dollar, compared with Friday's closing rate of 149.20/40, the data showed. The shilling, which has lost 17.4% of its value against the dollar since the start of the year, touched an all-time low of 149.40/60 earlier in the session. Typically, demand for dollars comes from the energy and manufacturing sectors.