Kenyan shilling weakens on manufacturing and energy FX demand

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, March 20 (Reuters) - The Kenyan shilling traded weaker on Monday, hurt by strong demand for dollars from importers in the energy and manufacturing sectors, traders said. At 1002 GMT commercial banks quoted the shilling at 130.30/130.50, compared to Friday's close of 130.00/130.20. The Kenya shilling has lost more than 5% of its value against the dollar in year-to-date, according to Refinitiv data.


(Reporting by Elias Biryabarema; editing by Hereward Holland)

1232; Reuters Messaging: elias.biryabarema.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.