The Kenyan shilling remained stable on Thursday, with no significant dollar demand from importers. The exchange rate held at 129.25/129.45, the same as the prior closing rate.
The Kenyan shilling maintained its stability on Thursday, reflecting a lack of significant demand for dollars from importers. Traders reported that this steadiness in the local currency was evident as commercial banks quoted the shilling at 129.25/129.45, mirroring the previous day’s closing rate. This indicates a consistent performance amidst prevailing economic conditions in the region.
In conclusion, the Kenyan shilling’s stability can be attributed to limited dollar demand from importers, resulting in its unchanged exchange rate with commercial banks. Such resilience is critical for the country’s economic stability moving forward.
Original Source: www.marketscreener.com
