Tag: Kenyan shilling
About Ksh7.3 billion shillings worth USD$71.5 million were not returned during the demonetization of the 1,000 shilling old notes, according to an official from the Central Bank of Kenya (CBK). Patrick Njoroge, Governor of the Central Bank of Kenya, told journalists in Nairobi that the four-month phase-out of 1,000 shilling notes proceeded well and achieved its overall objective of removing money obtained from illegal activity from the economy. From Nairobi, Journalist, Joseph Bonyo joins CNBC Africa for more.
The former finance minister Henry Rotich was criticised for raising spending in June and imposing additional tax measures on already squeezed taxpayers.
Kenya has sent out invitations to international commercial banks to subscribe to a syndicated loan worth up to 150 billion shillings ($1.45 billion).
Kenya’s shilling dropped to its lowest level in almost two years, traders said.
The Kenyan shilling weakened slightly against the dollar on Tuesday.
NAIROBI, June 14 (Reuters) - The Kenyan shilling and Ugandan shilling could come under pressure against the dollar, while the currencies of Tanzania and Ghana are forecast to remain stable. KENYA The Kenyan shilling...
The Kenyan shilling rose to its highest level against the dollar in more than five months on Friday after hard currency inflows caused banks to reduce their dollar holdings, traders said. The shilling...
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