KES to USD: Kenyan Shilling flat against US Dollar
- By Reuters -
- Feb 11, 2025
The Kenyan Shilling (KES) was unchanged against the US Dollar (USD) on Tuesday, data from the London Stock Exchange Group showed.
At 0931 GMT, the shilling was quoted at 128.90/129.40 per dollar, the same level it closed at on Monday.
About KES
The Kenyan Shilling (KES) is the official currency of Kenya, a country located in East Africa. It was introduced in 1966, replacing the East African shilling, which was used by Kenya, Tanzania, and Uganda. The Kenyan Shilling is subdivided into 100 cents.
The Central Bank of Kenya (CBK) is responsible for issuing and managing the Kenyan Shilling. The CBK sets monetary policy, regulates the financial system, and maintains financial stability in the country. The Shilling is widely accepted in Kenya and is used for all transactions, from small purchases to large business deals.