Kenya shilling’s free fall slows down on rising dollar inflows

The shilling has seen its rate of weakening against the dollar fall to its slowest pace. FILE PHOTO | NMG

The shilling has seen its rate of weakening against the dollar fall to its slowest pace since the beginning of the year, reflecting reduced demand and improved supply of dollars in the economy.

Central Bank of Kenya (CBK) data shows that the shilling has shed on average three cents to the dollar since the beginning of December, compared to an average loss of 12 cents a day in November, and 13 cents in October.

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