"I see it weakening more next week but at least the interbank is coming in for better price discovery and better liquidity." (Reporting by Hereward Holland; Editing by George Obulutsa)
NAIROBI, April 14 (Reuters) - The Kenyan shilling weakened against the dollar on Friday as fuel retail companies'
appetite outstripped foreign currency inflows, traders said.
At 1019 GMT, commercial banks quoted the shilling at
134.50/70, compared with 134.40/60 at Thursday's close.
The shilling has weakened 8.3% against the greenback this
year, according to Refinitiv data.
The market experienced increased liquidity in the last three
weeks thanks to the restoration of the long-dormant foreign
exchange interbank market, although not yet at sufficient levels
to stabilise the shilling, traders say.
"We've seen inflows improving over the course of this week,"
said one trader at a commercial bank.
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