Shilling stabilises on easing dollar demand

The shilling gained against the dollar last week as the pressure that had seen it hit a record low of 108.03 units to the greenback eased. FILE PHOTO | NMG

The shilling gained against the dollar last week as the pressure that had seen it hit a record low of 108.03 units to the greenback eased.

The shilling opened Friday averaging 106.61 against the dollar, extending the gains that followed the record low seen on July 23. This means that the shilling gained 1.42 units or 1.3 percent last week.

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