Kenyan central bank sells dollars after shilling weakens
0
Tuesday October 30, 2018 - 02:11:00 in News In English by Ali Adan
- Visits: 1135
-
- Share
Waagacusub.com- Kenya's central bank sold dollars on Monday after the shilling weakened due to demand from the energy and manufacturing sector amid negative market sentiment to recent IMF comments on the shilling, traders said. AT 1230 GMT, commercial banks quoted the shilling at 101.70/90 per dollar, compared with 101.35/55 at Friday's close.
"End-month demand and lack of inflows is driving the market ... the IMF report that came out last week saying that shilling is overvalued has created some sort of a panic in the market," said a senior trader from one commercial bank.
Source Reuters
Waagacusub TV
Loading...
![[Topnews:-] Sarkaalkii Muqdisho ka Afduubtay Saraakiishii Sirdoonka Faransiiska oo Mareykanka u tahriibay.](https://waagacusub.com/uploads//article/photo/IMG_D12C79-B2F5AF-B6B07C-E7F3AC-96251A-E9123F.jpeg)
![[DAAWO] Dahir Alasow muxuu ka yiri Arooska Saadaq Joon iyo gabadha Madaxweynaha Jibouti](https://waagacusub.com/uploads//article/photo/IMG_A85D69-E46491-EB949F-F75713-195F22-880C48.png)
![[DAAWO] Gabadh aan Aabbe iyo Hooyo laheyn kadibna seddex Caruura lagu furay maxaa ku dhacay ?](https://waagacusub.com/uploads//article/photo/IMG_418075-E7A0C5-2FE6EA-C581B5-C9940B-8CE1BE.png)
![[DAAWO] Qabiilka ugu fulaysan uguna faanka badan Somalida oo shacabka Soomaaliyeed cabirayaan?](https://waagacusub.com/uploads//article/photo/IMG_444F4F-0F2704-1B7D7E-D109A0-B778B0-E4602B.png)
![[Daawo] sidee loo dilay Amiirka Shabaab iyo Wiilka xasan Dahir - Wararka qubanaha Dahir Alasow](https://waagacusub.com/uploads//article/photo/IMG_732422-B87120-7AB730-3E00E9-27DE0A-43CC94.png)
Kenyan central bank sells dollars after shilling weakens
Waagacusub.com- Kenya's central bank sold dollars on Monday after the shilling weakened due to demand from the energy and manufacturing sector amid negative market sentiment to recent IMF comments on the shilling, traders said.