According to LSEG data, the Kenyan shilling dropped to a new low versus the dollar on Monday.
In contrast to Friday’s closing rate of 149.20/40, the shilling was trading at 149.35/55 per U.S. dollar at 10:15 GMT, according to the data.
The shilling hit an all-time low of 149.40/60 earlier in the day. Since the year began, it has lost 17.4% of its value against the dollar.
Typically, the manufacturing and energy industries are the biggest consumers of money.
