Kenyan shilling weakens a touch as importer demand surges

Central Bank of Kenya (CBK) Governor Patrick Njoroge displays some of the new look shilling Kenyan currency notes on June 3, 2019 during a press conference at his office in Nairobi. - The unveiling of the new Kenyan bank notes has been greeted by some with disapproval, with Kenyans taking exception to the use of an image of a statue of the founding father Mzee Jomo Kenyatta printed on the notes. According to the 2010 Constitution of Kenya, notes and coins shall not bear the portrait of any individual. (Photo by SIMON MAINA / AFP) (Photo credit should read SIMON MAINA/AFP/Getty Images)
Kenyan Shillings in the black wallet on a wooden background

The Kenyan shilling was under slight pressure on Wednesday as a surge in demand from oil and merchandise importers weighed against scarce hard currency inflows, traders said.

At 0728 GMT, commercial banks quoted the shilling at 107.15/35 per dollar, compared with Dollar 107.10/30 at Tuesday’s close.

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