Kenyan shilling stable on remittance inflows

Reuters

Kenya shilling coins and notes are pictured inside a cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya/File Photo Acquire Licensing Rights

NAIROBI, Oct 24 – Kenya’s shilling was stable against the dollar on Tuesday, traders said, as remittance inflows matched manufacturing and energy sector demand in a quiet session.

At 0910 GMT, commercial banks quoted the shilling at 150.00/20, the same as the close of Monday’s session.

The shilling has lost 17.8% of its value against the dollar since the start of the year, according to LSEG data.

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