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April 21, 2026
2h ago

Experts Warn Kenyan Shilling to Slide to Ksh135 Against U.S. Dollar

Experts Warn Kenyan Shilling to Slide to Ksh135 Against U.S. Dollar

The Kenyan Shilling is presently at a very precarious position, with experts warning that it could hit a never-before-seen level in two years, sparking economic anxiety...

✨ Key Highlights

Kenyan currency experts warn the Kenyan shilling could weaken to Ksh135 against the U.S. dollar, a level not seen in two years, due to rising global oil prices.

  • The shilling is expected to slide if oil prices remain above USD100 per barrel.
  • Experts from Citigroup and Societe Generale are predicting the depreciation.
  • This contrasts with the Central Bank of Kenya Governor, who cited strong reserves and a balance of payments surplus of USD619 million to assure stability.

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