Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Kenyan Shilling Strengthens on Businesses’ Subdued Dollar Demand

Kenya’s shilling strengthened to the highest in a week on subdued dollar demand by businesses.

The currency of East Africa’s largest economy appreciated as much as 0.2 percent to 83.85 per dollar and last traded less than 0.1 percent up at 84, the highest since July 12, according to data compiled by Bloomberg.

“The Kenyan shilling will rise slightly against U.S. dollar as we expect demand and supply being evenly matched,” Nairobi-based NIC Bank Ltd. said in a note to clients today. The currency would trade at about 83.90 to 84.30, the bank said.

The Central Bank of Kenya stayed out of the money market today, according to an official, who asked not to be identified in line with policy. This is the first day since June 27 the bank hasn’t offered repurchase agreements or term-auction deposits to curb money supply.

Uganda’s shilling weakened 0.2 percent to close at 2,467.49 per dollar, while the Tanzanian shilling was unchanged at 1,585 per dollar.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.