Shilling hits all-time low of 112.5 to dollar

A trader counts coins at his kiosk in Nyeri. PHOTO | JOSEPH KANYI | NMG

The shilling has declined to a new all-time low of 112.5 against the dollar as importers increase demand for the greenback with the economy recovering from the impact of the pandemic.

Reuters quoted the shilling at 112.45/65 per dollar on Thursday, a record low, after hitting its previous all-time low of 112.30/50 earlier in the week.

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