Shilling weaken slightly

The shilling weakened slightly during Monday’s session on the back of resurgent US dollar demand from oil, telecom, and manufacturing companies ahead of the new month. 

The market closed at dollar/shilling 1,573/1588, with market expectation of further weakening of the shilling, as demand for the greenback increases.
Source: NMB, www.nmbtz.com
Share on Google Plus

About Abduel Elinaza

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.