Kenyan Shilling Gains Marginally Against U.S. Dollar as CBK Issues Fresh Warning

Governor Thugge has said Kenya spent Ksh125.6 billion of hard-currency reserves since the Iran war began to curb excessive weakness in the shilling...

✨ Key Highlights

The Kenyan Shilling saw a marginal gain against the U.S. Dollar this week, despite projections from the Central Bank of Kenya (CBK) that inflation could reach 6.2% by July 2026.

The Kenyan Shilling traded at 129.53 per U.S. Dollar on April 9, a slight improvement from 129.99 on April 2.
The Central Bank of Kenya (CBK) cited diversified foreign exchange inflows and economic confidence for the currency's resilience.
Inflation is expected to climb due to an oil price shock stemming from the conflict in the Middle East, with crude oil prices rising significantly.

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