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The Standard Group Plc is a
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print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Kenyan central bank sought to mop up 10 billion shillings ($97 million) from the market on Wednesday.
The bank uses tools like repurchase agreements (repo) to reduce the amount of shillings in the financial system to keep the currency's exchange rate stable. Higher liquidity usually makes it cheaper for banks to bet against the shilling.
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