Shilling at 7-month low on depressed tourism inflows



Business Daily | by Constant Munda


The shilling has depreciated to a seven-month low against the US dollar, partly hurt by depressed inflows from tourism and tea amid a recovering economy which has pushed up demand for imports.

Forex traders were Thursday afternoon quoting the local currency exchanging at 110.09 units against the green-back, largely unchanged from…

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