Shilling at 7-month low on depressed tourism inflows

dollar (2)

The shilling has depreciated to a seven-month low against the US dollar, partly hurt by depressed inflows from tourism and tea amid a recovering economy which has pushed up demand for imports.

Forex traders were Thursday afternoon quoting the local currency exchanging at 110.09 units against the green-back, largely unchanged from 110.03 closing levels on Wednesday.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.