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Shilling stable thanks to dollar inflows

The shilling was stable against the dollar yesterday, supported by foreign investment flowing into the local debt market.

In early trade, banks posted the shilling at Sh102.10/30 to the dollar, little changed from Wednesday’s close of Sh102.00/10. “We’ve seen huge interest in the government securities from offshore investors,” said a trader at one Nairobi-based commercial bank.

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