Kenya operates a floating exchange rate regime. This means that the value of the shilling is, in principle, determined by market demand and supply. Market demand and supply are affected by the ...
Panic sale by Ugandan banks and currency traders has resulted in a dramatic devaluation of Kenya shilling relative to the US dollar, as well as a shortage of the Kenyan unit. Panic sale by Ugandan ...
The Kenyan shilling continues to show stability against the US dollar and other East African Community (EAC) currencies, ...