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    The Kenyan shilling has reached a new low.

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    Somali Magazine October 17,2023- According to LSEG data, the Kenyan shilling fell to a new low versus the US dollar on Monday.

    The shilling was trading at 149.35/55 per US dollar at 1015 GMT, compared to 149.20/40 at the close on Friday.

    The pound fell to an all-time low of 149.40/60 against the dollar earlier in the session, having lost 17.4% of its value since the beginning of the year.

    Dollar demand is often driven by the petroleum and manufacturing industries.

    Hereward Holland contributed reporting, while George Obulutsa edited the piece.

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