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Africa-East

Kenyan shilling steady in quiet market

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NAIROBI, Jan 4 (Reuters) – The Kenyan shilling was steady on Wednesday, traders said, with limited foreign-currency demand from oil importers matched by supply.

At 0845 GMT, commercial banks quoted the shilling at 123.35/55 per U.S. dollar, the same level as Tuesday’s close.

The shilling lost more than 8% against the dollar in 2022, hitting repeated record lows.

Reporting by Hereward Holland
Editing by Alexander Winning

Our Standards: The Thomson Reuters Trust Principles.

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