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Pain and joy of a weaker shilling as unit hits Sh108.8

Central Bank of Kenya Governor Patrick Njoroge during an interview. [David Gichuru/Standard]

The weakening of the shilling is turning into a double-edged sword for Kenyans, with some smiling to the bank as others stare at a gloomy festive season.

At the close of business on Friday, the local currency was trading at Sh108.8 against the dollar, a substantial loss of ground against the greenback.

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