Kenyan shilling weaker on dollar demand from energy importers

April 17, 2023 06:16 PM AEST | By Reuters
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(Reuters) - The Kenyan shilling weakened slightly on Monday on demand for dollars from energy importers and foreign-owned firms looking to pay dividends to overseas shareholders, traders said.

At 0719 GMT commercial banks quoted the shilling at 134.60/80 to the U.S. dollar, weaker than Friday's close of 134.50/70.

The Kenyan shilling is 8.4% weaker against the dollar year-to-date, according to Refinitiv data.

(Reporting by Elias Biryabarema; editing by Alexander Winning)


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