The Kenyan shilling has maintained its stability against the US dollar, supported by various foreign exchange inflows. The Central Bank of Kenya (CBK) attributes this performance to increased diaspora remittances, diversified offshore bank inflows, and strong agricultural exports.

• CBK Governor Kamau Thugge stated that diaspora remittances are expected to increase by 6 per cent by the end of the year.
• The shilling was quoted at Ksh129.23 against the U.S. dollar on August 13 and 14.
• A market perception survey by the CBK indicates that 77 per cent of banks and 71 per cent of non-bank respondents expect the shilling to strengthen further.