国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Kenya shilling weighed down by high end-month dollar demand

Source: Xinhua| 2017-12-30 01:53:22|Editor: huaxia
Video PlayerClose

NAIROBI, Dec. 29 (Xinhua) -- The Kenya shilling declined considerably on Friday, closing the week lower weighed down by high end-month U.S. dollar demand.

The local currency traded at an average of 103.25 to the dollar, down from 103.15 in the Thursday session.

Kenya's Central Bank placed the shilling at 103.23 to the greenback, down from 103.15 position on Thursday and the Wednesday's level of 103.08.

On the other hand, commercial banks in the East African nation quoted the currency at between 103.20 and 103.30 down from Thursday's margins of 103.10 and 103.20.

Forex traders attributed the sharp decline to high end-month dollar demand from oil and merchandise importers.

Against the British Pound, the shilling similarly fell to end Friday at 138.75 from 138.47 as the downward trend persisted.

Besides the pound and dollar, the shilling also weakened marginally against the Euro and the Japanese Yen. In the East African Community, the shilling was fairly stable against the Burundi and Rwanda Francs and the Tanzania and Uganda shillings, according to the apex bank.

But Kenya has at 7.1 billion dollars, an equivalent to 4.8 months of import cover, which analysts believe can comfortably support the shilling. Enditem

KEY WORDS:
YOU MAY LIKE
EXPLORE XINHUANET
010020070750000000000000011100001368605691
主站蜘蛛池模板: 贡觉县| 怀化市| 蒲江县| 绩溪县| 汶川县| 中超| 太仆寺旗| 新昌县| 长垣县| 肇东市| 丹凤县| 长顺县| 南安市| 古交市| 江西省| 小金县| 安塞县| 左权县| 莱芜市| 十堰市| 沙田区| 天祝| 稷山县| 固原市| 同心县| 仁化县| 万州区| 河源市| 白山市| 维西| 都兰县| 澄城县| 平果县| 响水县| 宜兰县| 彰化县| 逊克县| 金华市| 大悟县| 册亨县| 怀远县|