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Kenya’s shilling slid against the dollar again, weakening to a new four-year low due to abundant local currency liquidity in the market. Stocks were up. At the close of trade Thursday, commercial banks quoted the shilling at Sh104.95/Sh105.15 to the dollar, compared to Wednesday’s close of Sh104.65/75.
The shilling has been edging closer to its all-time low of about Sh107 to the dollar, set in October 2011.
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