Kenyan shilling firm on offshore liquidity
NAIROBI (Reuters) – The Kenyan shilling was firm against the dollar on Monday supported by increased dollar liquidity from offhsore investors meeting importer demand, traders said.
Kenya shilling coins and notes are pictured inside a cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya
At 0830 GMT, commercial banks quoted the shilling at 101.30/50 per dollar, compared with 101.40/60 at Thursday’s close. Kenyan markerts were closed on Friday for a public holiday.
Reporting by John Ndiso; Editing by Maggie Fick
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