Kenyan shilling edges up on lacklustre demand for dollars
Kenyan shilling edges up on lacklustre demand for dollars Reuters 1 hr ago NAIROBI, April 13 (Reuters) - The Kenyan shilling strengthened against the dollar on Tuesday due to a sharp slowdown in demand for hard currency. At 0930 GMT, commercial banks posted the shilling at 106.80/107.00, slightly up from Monday's close of 107.00/20. The currency of East Africa's richest economy has been gaining over the past fortnight, thanks to positive sentiments created by the approval of a new financing line for the government by the IMF, amid higher dollar inflows. ..........................
Source: msn.com