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In Kenya: Shilling firms as banks cut dollar holdings

Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

At 0924 GMT, commercial banks quoted the shilling at 100.55/65 to the dollar, compared with Tuesday's close of 100.80/90.

 Kenya's shilling firmed on Wednesday, helped by banks selling dollars after the central bank cut its current account deficit forecast for this year, traders said.

At 0924 GMT, commercial banks quoted the shilling at 100.55/65 to the dollar, compared with Tuesday's close of 100.80/90.


In Kenya: Shilling firms as banks cut dollar holdings Reviewed by Olusola Bodunde on 14:53 Rating: 5

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