Kenyan currency hits all-time low against the dollar

Kenya’s currency hit an all-time low of 150 shillings to the dollar on Monday, worsening the economic situation in the heavily indebted east African country plagued by inflation, according to central bank data.

The depreciation of the Kenyan shilling has accelerated over the past year, losing almost 24% of its value against the dollar.

According to the Central Bank of Kenya, a dollar was selling at 150 shillings on Monday, while some…