NAIROBI, Sept 29 – Kenya formed a team of key officials on Thursday to halt the slide in the shilling and will unveil new measures early next week, the latest move to try and restore confidence in the east African country’s ailing currency.
Tag: kenya currency
Kenyan shilling slides vs dollar, liquidity eyed
NAIROBI, June 2 – Kenya’s shilling slipped against the dollar on Thursday after the country’s central bank bought $4 million, but traders said commercial banks would likely cut long dollar positions, providing upside for the local currency.