Diaspora Remittances: Kenya Shilling Hits A Year High Against US Dollar. Kenya’s currency strengthened to a 14-month high against the dollar buoyed by steady forex inflows largely diaspora remittances and foreign investors
Kenya’s Forex Reserves Falls By Over 12 Billion Weakening The Shilling: Kenya’s forex reserves fell by over 12 billion in the week ended Friday December 11 as the Central Bank chipped in support
Dollars remitted home by Kenyans living abroad in the festive period have helped the shilling regain some of the ground it lost against the greenback earlier this month, with light demand for the United States unit in the market also…
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