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Originally published by Kenyanstop
June 16, 2026
2h ago
How Kenyans in U.S. Helped Strengthen Shilling Against the Dollar
The contributions were particularly significant for the shilling, helping drive its strong recovery over the past two years and supporting stability around the Ksh129 exchange rate level...
✨ Key Highlights
The United States emerged as Kenya's largest source of diaspora inflows, contributing an estimated Ksh405 billion between June 2024 and May 2025. This significant influx of funds has played a crucial role in supporting the Kenyan Shilling against the US Dollar.
- The U.S. accounted for 43.5% of total remittances, which reached Ksh931.8 billion, according to the Kenya National Bureau of Statistics (KNBS).
- These remittances, including cash and in-kind transfers, are vital for Kenya's foreign exchange earnings and contribute to external sector stability.
- While cash transfers dominated, in-kind remittances like clothing and electronics also supported rural households, with most funds used for consumption needs such as food and education.
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