![Kenyan shilling under pressure due to dollar oversupply, seeks structural reforms By Investing.com Kenyan shilling under pressure due to dollar oversupply, seeks structural reforms By Investing.com](https://shmi.ir/wp-content/uploads/2023/10/1698165816_Kenyan-shilling-under-pressure-due-to-dollar-oversupply-seeks-structural-150x203.jpg)
[ad_1] © Reuters. The Kenyan shilling has been under significant stress due to an oversupply of dollars, leading to its devaluation and trading at Sh150 per U.S dollar. The situation has been aggravated by capital outflows as major economies increase base lending rates to mitigate inflation. Importers seeking dollars further exacerbate the situation, as reported