Tuko.co.ke on Nostr: nostr:note1t7c7m70gy5fxuxgyl2rxx5726kgznc3w6jryj0jf3my4px4mxjwqav4cnn

quoting note1t7c…4cnn

Kenyan Shilling Remains Stable Against Major Currencies as CBK Maintains Forex Reserves
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#e2c34d3a ver:0.25

The Kenyan shilling has remained stable against major currencies as the Central Bank of Kenya maintains forex reserves. Despite recent volatility, the shilling has shown resilience and maintained a positive trend against the US dollar. However, the exchange rate fluctuations have had mixed effects on different sectors of the economy. The CBK projects a rebound in imports and exports, with the appreciation of the shilling expected to reduce import costs but potentially dent exports. To sustain the shilling's value, Kenya needs to attract foreign investments, diversify exports, and strengthen local industries. #Kenya #forex #economy...

#newstr #KenyanShilling #ExchangeRate #Volatility #CentralBankOfKenya #ForexMarket #ForeignInvestments #Exports

https://here.news/story/e2c34d3a?ver=0.25