Kenyan shilling holds near Sh129 for over two years despite global oil price surge
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The Kenyan shilling has remained near Sh129 per dollar for 27 months. This stability has provided businesses with planning certainty. The currency has held this level despite the pressure placed on the economy by rising global oil prices.
The shilling has stayed around Sh129 per dollar for 27 months, giving firms planning certainty even as higher oil prices pressure the economy.