Kenya shilling gains ground ahead of festive season
NAIROBI, Dec. 23 (Xinhua) -- The Kenya shilling has gained ground against the U.S. dollar to trade at 129.29 ahead of the Christmas holiday season, the Central Bank of Kenya (CBK) said Monday.
The local currency dropped to 130 units against the U.S. dollar in early December as it faced pressure from international currencies.
The current gain is attributed to decreased demand in dollars and a rise in forex