The shilling holds on
08 March 2013, 10:46
Nairobi - As Kenyans await to know the final General Election results, the Kenya shilling remains stable despite the electoral mood in the country.
In a statement to Capital News, the Director at Tax Justice Network Alvin Mosioma said with the ongoing anxiety about the release of the election results, most investors have remained on the sidelines, thus reducing the demand for the dollar which is the major foreign currency.
Mosioma said most of the traders had also prepared early, as a spotcheck at the Commercial Bank of Africa (CBA) on Thursday revealed the shilling was trading at 86.25 buying and 86.65 selling to the dollar.
- For more visit Capital News