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The shilling’s stability is supported by strong economic fundamentals
A teller handles US dollar banknotes and Kenya shilling banknotes inside the cashier's booth at a forex exchange bureau in downtown Nairobi, Kenya on February 16, 2024.
The shilling’s performance against the US dollar reflects improved macroeconomic fundamentals, prudent fiscal and monetary policies, and confidence in the economy.
Kenya operates a flexible exchange rate system in which the value of the shilling is determined by supply and demand in the interbank market.
