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Shilling steady as Central Bank of Kenya mops up Sh11 billion

Kenya: The shilling was steady early yesterday, with investors and companies holding back on dollar purchases and keeping the currency below levels the Central Bank of Kenya set after intervening last week to sell dollars.

The shilling was trading at 90.05-90.15 to the US currency, little changed from Tuesday’s close of 90.10-90.20, which was driven by demand for dollars from importers and manufacturers.

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