Kenya's foreign exchange reserves plummet as shilling hits new low

The Star Kuala Lumpur

Right

Mixed Factuality

Media Conglomerate: Star Media Group

Kenya's foreign exchange reserves plummet as shilling hits new low

NAIROBI, Sept. 22 (Xinhua) -- Kenya's foreign exchange reserves experienced a decline of 112 million U.S. dollars this week, adding pressure on the local currency, the shilling, which reached a historic low of 147 to the dollar, the Central Bank of Kenya said in its update on the financial markets issued on Friday. Read full story