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After remaining stable in 2016 and going down by a paltry 0.1 percent against the U.S. dollar, the Kenya shilling is expected to be under intense pressure in 2017, analysts have noted.
The currency hit a 15-month low at the end of last week, trading at 103.6 against the dollar following sustained demand from multinationals and oil importers. The level was last seen in October 2015, when it hit a low of 104.10.
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