NAIROBI, March 16 (Reuters) - The Kenyan shilling slid to a fresh low against the dollar on Thursday as hard
currency demand from importers, particularly fuel marketers,
exerted downward pressure, traders said.
At 0847 GMT, commercial banks quoted the shilling at
130.00/20 per U.S. dollar, a new record, compared with
Wednesday's closing rate of 129.90/130.10.
For the year-to-date, the shilling has lost more than 5%
versus the dollar, Refinitiv data shows.
Kenya has signed deals with UAE's ADNOC and Saudi Aramco for
the supply of petroleum products with a six months credit
period, a move designed to curb demand for dollars that has
weakened the local currency.
(Reporting by Hereward Holland; Editing by Estelle Shirbon)
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