Kenyan Shilling Holds Steady as Central Bank Increases Forex Reserves to Surpass KSh 1 Trillion
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#e2c34d3a ver:0.36

The Kenyan shilling remains strong against the US dollar, with the Central Bank increasing forex reserves to over KSh 1 trillion. The shilling's appreciation is attributed to higher base lending rates and increased foreign investments. However, the volatility has mixed effects on the economy, impacting importers, manufacturers, and individuals earning in dollars. The shilling's strength has also led to a decrease in Kenya's external debt. In contrast, the Nigerian naira has faced depreciation due to forex scarcity. The stability of the naira is temporary, and increasing reserves is recommended. #KenyanShilling #ForexReserves #NigerianNaira #CurrencyExchange...

#newstr #KenyanShilling #UsDollar #ExchangeRate #ForeignExchangeReserves #InflationRates #Imports #Exports #ExternalDebt #NigerianNaira #ForexMarket #CentralBankOfNigeria #DollarInflows #ForeignReserves 

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