Shilling rallies to 15-month high on lower dollar demand

A trader at Muthurwa market counting money after the day’s sale.

Photo credit: File | Nation Media Group

The shilling has climbed to a 15-month high against the dollar, backed by inflows from agriculture exports amid reduced demand for dollars among importers.

The Central Bank of Kenya (CBK) quoted the exchange rate at an average of Sh128.66 on Friday, a level last seen on March 8, 2023.

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