Shilling crosses 115 against the dollar, signals costly debt

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

The shilling on Monday hit an all time low against the dollar, signalling higher cost of imported goods and inflation.

Central Bank of Kenya (CBK) data shows the Kenya shilling exchanged at an average of 115 on Monday, setting up the country for more expensive imports, electricity and, debt servicing distress.

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