Kenyan Shilling Gets Major Boost as Forex Reserves New Record
submitted about 1 month ago by Samuelwriter_ke
submitted about 1 month ago by Samuelwriter_ke
- The Kenyan shilling has strengthened due to an increase in foreign exchange reserves, which now cover six months of imports, helping stabilize the currency against the US dollar.
- This boost comes from a major telecommunications deal and expected funding from the World Bank, alongside easing inflation and improved investor confidence.
Advertisement
No comments yet
Be the first to share your opinion!