Kenyan shilling firm on diaspora remittances

Kenya Central Bank Governor Patrick Njoroge displays the newly designed Kenyan shilling bank notes during a news conference at the Central Bank in Nairobi, Kenya, June 3, 2019. REUTERS/Baz Ratner

NAIROBI (Reuters) – The Kenyan shilling was firm on Monday with inflows from diaspora remittances meeting dollar demand from merchant importers and the energy sector, traders said.

At 0740 GMT, commercial banks quoted the shilling at 101.50/70 per dollar, compared with 101.60/80 at Friday’s close.

Reporting by John Ndiso; editing by Maggie Fick

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