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Tag Archives: shilling

Kenyan shilling hits 9-month high against U.S. dollar

NAIROBI, KENYA | Xinhua | The Kenyan shilling strengthened against major world currencies, hitting a nine-month high against the U.S. dollar Wednesday. The Central Bank of Kenya placed the shilling against the dollar at 138.8, its highest level since the currency started to decline in June last year. The shilling …

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Local currency under pressure from rising dollar

Kampala, Uganda | THE INDEPENDENT |  The Uganda Shilling continues to trade under pressure from the US dollar as demand for the US currency rises above the supply, according to experts. On Monday, the local currency opened trading at Shillings 3,815.63 buying and 3,825.63 selling according to the official rates …

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Uganda shilling steady, Kenya shilling slides

NEWS ANALYSIS | THE INDEPENDETN | The Kenya Shilling has steadily been declining against most currencies, including global leaders like the US Dollar and regional currencies, mainly the Uganda and Tanzania Shilling. For so long, the Uganda Shilling traded at an average of 30 to the Kenya Shilling and one …

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