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Shilling weakens to six-month low

A currency dealer counts Kenya shillings at a money exchange counter in Nairobi October 23, 2008. 

Shilling hits six-month low. The shilling yesterday came under pressure, plunging to a six-month low as Kenya’s import bill shot up.

The weakening has been attributed to heightened US dollar demand from oil companies, food importers and firms paying dividends to investors abroad.

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