Kenyan shilling forecast to remain stable amid thin demand
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Read < 1minuteKenya Central Bank Governor Patrick Njoroge displays the newly designed Kenyan shilling bank notes during a news conference at the Central Bank in Nairobi, Kenya, June 3, 2019. REUTERS/Baz Ratner
The Kenyan shilling was firm on Friday and was forecast to remain stable supported by dollar supply from remittances amid slow market activity, traders said.
At 0851 GMT, commercial banks quoted the shilling at 100.80/101.00 the same as Tuesday’s close. Markets were closed on Wednesday and Thursday for public holidays.
