The shilling weakened to a two-and-a-half-month low of Sh129.58 against the dollar on Friday as per the official exchange rate printed by the Central Bank of Kenya (CBK), with traders saying pressure came from increased demand for the US currency from consumer goods importers.
The shilling has been locked in a prolonged period of stability against the dollar due to muted demand from importers in a tough economy, and support from agriculture exports and diaspora remittance inflows.
