Kenyan Shilling Emerges as Best-Performing Currency in Africa, While Naira Depreciates
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#e2c34d3a ver:0.29

The Kenyan shilling emerges as the best-performing currency in Africa, gaining strength against the US dollar due to increased forex reserves and higher base lending rates. However, the appreciation has mixed effects on the economy, impacting importers, manufacturers, and those earning in US dollars. The volatility in the exchange rate could also affect fuel and food prices. Despite this, the shilling's resilience is expected to reduce import costs and decrease external debt. In contrast, the Nigerian naira depreciates due to forex scarcity, halting forex sales to Bureau de Change operators. #KenyanShilling #NigerianNaira #CurrencyPerformance #Forex...

#newstr #KenyanShilling #Naira #Currency #Performance #Africa #ForeignExchange #CentralBankOfKenya #CentralBankOfNigeria 

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