Kenyan shilling news

2024 - 3 - 19

Kenyan Shilling Update: Surprising Insights Revealed!

Diaspora Remittances - Economic Recovery - Kenyan Shilling - Nairobi Securities Exchange - US Dollar - William Ruto

President William Ruto's comments on the Kenyan Shilling will leave you stunned! Dollar inflows and importer demands match? Find out more here!

The Kenyan Shilling has been making waves in recent news with its solid performance and surprising turnarounds. President William Ruto's statement on the shilling's appreciation as a positive sign for Kenya's economy has sparked major discussions. Traders credit the stability to a balance between dollar inflows and importer demand, keeping the shilling steady. The call to ditch the US dollar in favor of local currencies, including the Kenyan Shilling, adds an interesting twist to the currency's narrative.

Kenyan stocks are reaping the benefits of the shilling's strength, with the Nairobi Securities Exchange All-Share Index delivering impressive returns to investors. The shilling's resilience has not gone unnoticed, as it has outperformed over 90 benchmarks globally. Traders attribute the shilling's strength to the strategic balance of dollar inflows and strong import demand, a significant factor in its recent success.

In a surprising turn of events, Kenya's diaspora remittances witnessed a drop to $385.9 million in February from $412.4 million in January. This fluctuation highlights the impact of external factors on the Kenyan economy. Despite this, the shilling's resilience in the face of challenges like fluctuating remittance amounts showcases its stability and value in the global market.

The Kenyan Shilling's performance against the US dollar and its impact on the economy signifies a shifting trend in international trade. President William Ruto's advocacy for local currencies and the Nairobi Securities Exchange's impressive returns further reinforce the shilling's significance in the financial landscape.

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Image courtesy of "Citizen Digital"

The losses, major concerns as Kenya Shilling claws back against ... (Citizen Digital)

According to President William Ruto, the shilling's appreciation is a sign that Kenya's economy, which was once 'in the trenches' has been salvaged.

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Image courtesy of "Business Recorder"

Kenyan shilling steady; importer dollar demand, inflows match (Business Recorder)

NAIROBI: Kenya's shilling was steady on Monday with dollar inflows and importer demand matching, traders said....

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Image courtesy of "Watcher Guru"

BRICS: US Dollar Losing Dominance Against Kenyan Shilling (Watcher Guru)

Kenyan President William Ruto echoed BRICS sentiments recently calling for Africa to ditch the US dollar and trade in local currencies, including the ...

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Image courtesy of "BNN"

Kenyan Stocks Have Shilling to Thank for World-Beating Returns ... (BNN)

The Nairobi Securities Exchange All-Share Index has returned almost 30% for dollar investors this year, the most out of more than 90 benchmarks monitored by ...

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Image courtesy of "Kenyans.co.ke"

Traders Credit Dollar Inflows & Import Demand Match for Strong ... (Kenyans.co.ke)

The Kenyan Shilling has exhibited a historical turnaround considering less than 60 days ago it was ranked the third-worst performing currency worldwide.

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Image courtesy of "Kenyan Wallstreet"

Kenya's Diaspora Remittances Drop to $385.9 Million in February ... (Kenyan Wallstreet)

Money sent by Kenyans living abroad (diaspora remittances) dropped in the month of February to $385.9 million from $412.4 million remitted in January this ...

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Image courtesy of "CCN.com"

Kenya Economic Revival: From Market Low to World Leader ... (CCN.com)

Kenya's stock market and economy showcase remarkable recovery in 2024 as it also prepares to strengthen its digital asset regulations.

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Image courtesy of "Business Recorder"

Kenyan shilling steady; importer dollar demand, inflows match (Business Recorder)

NAIROBI: Kenya's shilling was steady on Monday with dollar inflows and importer demand matching, traders said....

Kenyan shilling firms as commercial banks trim dollar positions (XM)

NAIROBI, March 19 (Reuters) -Kenya's shilling KES= gained ground on Tuesday, helped by commercial banks shedding their long dollar positions after the local ...

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Image courtesy of "The Star, Kenya"

EXPLAINER: How a strong shilling affects you (The Star, Kenya)

The Kenyan shilling has strengthened significantly against the US dollar in the recent past after a period of constant decline. The shilling firmed 1.4 per ...

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Image courtesy of "The Star, Kenya"

Kenya shilling continues to soar against dollar to trade at Sh133 (The Star, Kenya)

The Kenyan Shilling has continued to significantly gain against the dollar in the past weeks. Kenyans are staring at a bright economic recovery if the ...

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Image courtesy of "Mwakilishi.com"

Kenyan Shilling Surges Against Dollar to Trade at Sh133 ... (Mwakilishi.com)

As of March 19, the official exchange rate stood at 133.99 Shillings per dollar, according to the Central Bank of Kenya. Notably, some currency traders are ...

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Image courtesy of "Mwakilishi.com"

Kenyan Shilling Surges Against Dollar to Trade at Sh133 ... (Mwakilishi.com)

As of March 19, the official exchange rate stood at 133.99 Shillings per dollar, according to the Central Bank of Kenya. Notably, some currency traders are ...

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Image courtesy of "The Standard"

This is what stronger shilling has done for Kenya (The Standard)

A stronger shilling leads to cheaper or more affordable goods. A favourable exchange rate means interest rates are either held constant or lowered.

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Image courtesy of "The Standard"

This is what stronger shilling has done for Kenya (The Standard)

A stronger shilling leads to cheaper or more affordable goods. A favourable exchange rate means interest rates are either held constant or lowered.

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Image courtesy of "Daily Nation"

The irony of a strong shilling (Daily Nation)

A depreciating shilling presents favourable condition for inflows, including Foreign Direct Istment and remittances.

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Image courtesy of "Tuko.co.ke"

Kenya's Stock Market Tops Global Performance on Shilling's Rally ... (Tuko.co.ke)

The Nairobi Securities Exchange has experienced an up turn becoming one of the best performing stock exchange in the world owing to the shilling's gain vs ...

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Image courtesy of "Business Recorder"

Kenya's shilling steady, expected to firm due to tea exporter inflows (Business Recorder)

NAIROBI: Kenya's shilling was stable on Wednesday and was forecast to strengthen, helped by dollar inflows from tea...

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Image courtesy of "Kenyans.co.ke"

Ksh180 Billion Tea Inflows Behind Strengthening of Shilling Against ... (Kenyans.co.ke)

Kenyan currency on display. Kenyans.co.ke. In March 2024, the Tea Board of Kenya Chief Executive Officer (CEO) Willy Mutai remarked that the tea industry had ...

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Image courtesy of "Mwakilishi.com"

Strengthening Kenyan Shilling Lowers US Visa Fees | Mwakilishi.com (Mwakilishi.com)

The appreciation of the Kenyan shilling against the US dollar has resulted in a welcome decrease in US visa application fees for Kenyans.

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