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Kenya shilling to firm as banks sell dollars

Photo:Courtesy

The Kenya shilling will strengthen, helped by commercial banks selling off dollars, tight liquidity in money markets and political tensions easing after the opposition said it would challenge the August 8 presidential election results in court.

Commercial banks quoted the shilling at 103.25/45, compared with last Thursday’s close of 103.90/104.10. “I still think that it may firm.

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