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Kenya: The shilling weakened yesterday as banks bought dollars, while traders said the currency would remain under pressure due to new travel warnings that could hurt the ailing tourism sector.
Commercial banks quoted the shilling at 92.30/40 to the dollar against Friday's close of 92.15/25. One trader at a Nairobi-based commercial bank said the shilling lost ground at the start of the trading session as banks bought dollars on the interbank market, to cover their short positions.
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