Shilling drops to two-month low as political impasse deepens

Traders said the shilling is buoyed by continued dollar sale by the CBK. PHOTO | FILE | NMG

The Kenyan shilling fell on Thursday to a two-month low as demand for dollars spiked on the back of increased uncertainty over the fate of a presidential re-run scheduled to take place in a less than a week.

The shilling shed 0.2 per cent intraday to close at 103.60/80 against the greenback, a level last reached on August 15, according to Reuters data.

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