"It'll be KSh 140": Kenyans predicts new dollar rates as shilling falls again
==========
The Kenyan shilling has been registering a slight decline against the US dollar since Monday, April 15. It fell from KSh 127.2 units against the greenback on Sunday, April 14, to trade at KSh 131 on Monday. The trend continued on Tuesday, April 16, as the shilling exchanged at KSh 132 per dollar, falling further to KSh 132.5 on Thursday, April 18. The decline is attributed to the growing demand for imports, which is putting pressure on the dollar reserve and causing a shortage. The rising US interest rates and inflation are also strengthening the dollar. Kenyans have mixed reactions to the fall, with some hoping for a further decline and others expressing concern about the impact on the cost of living. President William Ruto previously projected a further fall in the shilling's value, but also took pride in its recent strength and the drop in fuel and unga prices.
#KenyanShilling #UsDollar #CurrencyExchange #Economy
https://www.tuko.co.ke/business-economy/545271-kenyans-react-shilling-registers-fresh-decline-dollar-ksh-1325/
Tuko.co.ke /
npub15yg…zncw
2024-04-18 07:54:07
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npub15ygdhawp2prr6xlzleujfs0hy9g3yvzgzv6pj49afh5sf5q8tfcqdjzncwPublished at
2024-04-18 07:54:07Event JSON
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"content": "\"It'll be KSh 140\": Kenyans predicts new dollar rates as shilling falls again\n==========\n\nThe Kenyan shilling has been registering a slight decline against the US dollar since Monday, April 15. It fell from KSh 127.2 units against the greenback on Sunday, April 14, to trade at KSh 131 on Monday. The trend continued on Tuesday, April 16, as the shilling exchanged at KSh 132 per dollar, falling further to KSh 132.5 on Thursday, April 18. The decline is attributed to the growing demand for imports, which is putting pressure on the dollar reserve and causing a shortage. The rising US interest rates and inflation are also strengthening the dollar. Kenyans have mixed reactions to the fall, with some hoping for a further decline and others expressing concern about the impact on the cost of living. President William Ruto previously projected a further fall in the shilling's value, but also took pride in its recent strength and the drop in fuel and unga prices.\n\n#KenyanShilling #UsDollar #CurrencyExchange #Economy\n\nhttps://www.tuko.co.ke/business-economy/545271-kenyans-react-shilling-registers-fresh-decline-dollar-ksh-1325/",
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