For the tenth day in a row, the Kenyan Shilling (Ksh) strengthened against the dollar to exchange at 156.70 on Wednesday, February 14. The strengthening of the Shilling meant that Kenyans who were hoarding dollars risk incurring losses should the trend continue. For example, a Kenyan who has USD1000 dollars by the start of February would have traded the cash at Ksh163,000. A photo of a person holding Kenyan money worth Ksh150. He explained that there were even a section of Kenyans holding on their dollars with the hope that the Shilling would spiral again.

Source: Daily Nation February 14, 2024 13:53 UTC