Kenyan shilling stays the same as long as there are enough dollars to meet production needs

According to one seller, the Kenyan shilling stayed the same on Tuesday because exports brought in dollars that were equal to demand from the manufacturing sector.

According to LSEG records, the shilling traded at 128.75/129.75 at 07:00 GMT, which was the same rate as Thursday.

Recently, the East African currency lost a little value after staying stable since the beginning of August. However, a seller said that it should stay stable until the end of the month, when companies convert dollars into local currencies to make required payments.Nairobi shilling stays the same as long as there are enough dollars to meet production needs.