Bloomberg News

Kenya Shilling Weakens Most This Month; Tanzania Shilling Rises

June 12, 2012

Kenya’s shilling weakened, falling the most this month.

The currency of East Africa’s biggest economy depreciated as much as 1.1 percent and traded 0.9 percent lower at 85.50 by 3:35 p.m. in Nairobi, the most since May 30 on a closing basis.

Tanzania’s shilling gained 0.3 percent to 1,583 per dollar, while the Ugandan shilling slid 0.2 percent to 2,486 per dollar.

To contact the reporter on this story: Johnstone Ole Turana in Nairobi at jturana@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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