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Shilling rides on low demand for dollar to go below 102 units

The shilling made a strong showing versus dollar on February 1. FILE PHOTO | NMG

By  GEOFFREY IRUNGU

The shilling fell below 102 units to the dollar for the first time since December 9, 2016 on the strength of weak demand for the greenback.

Reuters’ data on Thursday indicated commercial banks on average were quoting the shilling at 101.85/102.05 units by 2.30 pm.

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

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