Kenyan shilling steady; dollar demand from energy sector low

Kenyan Shillings in the black wallet on a wooden background

The Kenyan shilling was unchanged on Wednesday due to slowing dollar demand from the energy sector which had weakened the local currency to a record low last week, traders said.

At 0805 GMT, commercial banks quoted the shilling at 107.65/85 per dollar, the same as Tuesday’s close.

The shilling weakened to its all time low of 108.20 per dollar on July 22.