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Currencies

Kenya shilling strengthens to three-month high against the dollar

Kenya Shilling
The Kenyan shilling strengthened to a 3-month high against the dollar on Friday FILE PHOTO | NMG 

The Kenyan shilling strengthened to a 3-month high against the dollar on Friday due to inflows from offshore investors buying government debt amid thin oil importer demand, traders said.

At 0639 GMT (09:39 Kenyan time), commercial banks quoted the shilling at 100.90/101.10 per dollar, a level last traded in late October last year, compared with 101.10/30 at Thursday's close.

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