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Kenya Shilling Seen To Sink Further To 130 Against The Dollar

The Kenya shilling set to continue losing value to the dollar as the US Federal Reserve raises rates by 0.25% to reach 4.75% while the Central Bank of Kenya keeps rates steady at 8.75%.

CBK Governor accuses IMF of using Kenya as foreign exchange formula ‘guinea pig’

Dr Patrick Njoroge says the IMF used a new methodology that has only been in place since 2015 to reach that conclusion

Political turbulence shakes Kenya’s shilling

Exotix Capital said in a note Thursday that the shilling was, along with the Pakistani rupee and Omani rial, the most vulnerable of the frontier-market currencies it covers

Kenyan shilling hits year-high amid surging inflows

Analysts forecast that the shilling would rise in the coming days to reach 102.30 level due to high inflows and low demand for dollars

Kenya shilling edges up against dollar

The Central Bank of Kenya placed the shilling in the Monday trading at 103.06 to the dollar, a rise from  103.09

Shilling, NSE gain after Supreme verdict

Analysts at CBA bank say the shilling had initially lost ground Monday morning, only to reverse its losses and gain 20 cents immediately after the ruling.