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Central Bank of Kenya calls for calm as shilling slides

Treasury Cabinet Secretary Henry Rotich and Central Bank of Kenya Governor Central Bank of Kenya Dr. Patrick Njoroge confer. PHOTO: JENIPHER WACHIE

The sound of a falling shilling can taint the legacy of Kenya’s central bankers, cause panic and spark raging debate on its impact on the economy.

Former Central Bank of Kenya (CBK) governor Njuguna Ndung’u saw the shilling swing between 67 and 92 units to the dollar when he took office and when he left.

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