Sunday, March 18, 2012

Kenya shilling trade hit by communications breakdown

NAIROBI (Reuters) - Electronic trading in the Kenyan shilling was interrupted on Wednesday after one of the east African country's major communications links was cut. Some commercial banks quoted the local currency at 82.25/45 per dollar, slightly weaker than Tuesday's close of 82.20/40. But actual trading levels were unclear after a major inland fibre optics cable was cut, affecting Internet service providers, market players said. "We are using anything we can like mobile phones, BlackBerry messenger (to communicate between customers and other banks). ...

Source: http://news.yahoo.com/kenya-shilling-trade-hit-communications-breakdown-084136064.html

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