Kenyan shilling stable versus dollar, LSEG data shows
A man counts money. A depreciating shilling presents favourable condition for inflows, including Foreign Direct Investment and remittances.
Photo credit: File | Nation Media Group
The Kenyan shilling was stable against the dollar on Monday, data from the London Stock Exchange Group showed.
At 0657 GMT, the shilling traded at 128.50/129.50 against the dollar, the same as Friday's closing rate.
The shilling has been range-bound for several months, following a rally earlier this year after the government issued a new $1.5 billion Eurobond to buy back most of a $2 billion bond whose maturity in June had unnerved investors.
