Kenya’s shilling under pressure due to election jitters

PUBLISHED: Thu, 19 Oct 2017 10:45:37 GMT

Kenya’s shilling weakened on Thursday due to concerns about a repeat presidential election on Oct. 26, which has been plagued with uncertainty.

At 0811 GMT, commercial banks quoted the shilling at 103.50/60 to the dollar, compared with Wednesday’s close of 103.45/55. The central bank pumped in dollars on Wednesday after the shilling came under heavy pressure.

Reporting by George Obulutsa; Editing by Duncan Miriri

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