Bank notes
File | AFP

Cost of imports to increase as shilling hits new low

What you need to know:

  • The shilling has been weakening steadily in the last few weeks, sliding from Sh107.9 in July, to Sh109.7 at the end of August.
  • Apart from imports costs shooting up, a weaker shilling has a direct impact on Kenya’s foreign-denominated loans.

The Kenyan shilling continued weakening on Monday against major currencies, hitting its lowest point this year yesterday in the latest nightmare for the economy.


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