Kenyan Shilling Regains as Best Performing Currency Against US Dollar, Naira Depreciates
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#e2c34d3a ver:0.3

The Kenyan shilling has regained its position as the best-performing currency against the US dollar, while the Nigerian naira has depreciated. The appreciation of the shilling can be attributed to increased forex reserves and the maintenance of base lending rates. However, the volatility in the exchange rate has had mixed effects on different sectors of the Kenyan economy, impacting importers, manufacturers, and individuals earning in US dollars. The strength of the shilling has also led to a decrease in Kenya's external debt. Meanwhile, the naira's depreciation is due to forex scarcity. Overall, the Kenyan shilling has shown resilience and is expected to continue gaining strength. #KenyanShilling #NigerianNaira #Forex #Economy...

#newstr #KenyanShilling #UsDollar #CurrencyExchange #CentralBankOfKenya #ForeignCurrencyReserves #TightMonetaryPolicy #DiasporaRemittances #Eurobond #WilliamRuto 

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