Nairobi, Feb. 28 -- Slowing inflationary pressure in advanced economies such as the US and Britain lifted the monthly flow of dollars from Kenyans living abroad to record levels, in part helping ease pressure on the shilling.

Diaspora remittances amounted to $412.41 million (about Sh65.83 billion using the average conversion rate of 159.63 units per dollar) in January, official data shows, the highest levels on record.

The Central Bank of Kenya (CBK) statistics indicate inflows from the US -which accounted for 54 percent of the total remittances - grew 8.17 percent year-on-year to $221.01 million (about Sh35.28 billion), a 25-month high.

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The cash wired home by Kenyans in the ...