Kenyan shilling stable as horticulture inflows lend support
NAIROBI (Reuters) – The Kenyan shilling was stable against the dollar on Friday due to hard currency inflows from horticulture exports balancing out demand from merchandise importers, traders said.
A teller counts Kenya shilling notes inside the cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya
At 0824 GMT, commercial banks quoted the shilling at 100.80/101.00 per dollar, unchanged from Thursday’s close.
Reporting by John Ndiso; editing by Elias Biryabarema
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